George always purchases the soda with the lowest price. For George, the cross price elasticity of demand for two brands of soda will be

If government debt is an external debt, the debt burden cannot be passed on to future generations

Indicate whether the statement is true or false

Under a floating exchange-rate regime with a high degree of capital mobility, in the short run an expansionary fiscal policy will most likely create pressure on

A. the domestic currency to appreciate. B. monetary authorities to revalue the domestic currency. C. monetary authorities to devalue the domestic currency. D. the domestic currency to depreciate.