Which of the following is not assumed before the implementation of a policy?
a. The appropriate policy is selected instantaneously
b. The appropriate policy is implemented instantaneously.
c. Once implemented, the policy works as advertised.
d. The policy, once implemented, works in no time.
e. Lags that reduce the effectiveness of the policy are predictable.
e
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If net interest and net transfers are zero, and a country's exports exceed its imports, the country definitely has ________
A) a current account surplus B) a current account deficit C) a capital and financial account surplus D) an official settlements account surplus
John wants to buy a new television set. He can either buy it in the US and pay $1200 or buy it in Canada and pay CAD$1300 . At the exchange rate of 1CA$=US$0.92, ignoring any other costs, he would
a. Prefer buying in the US b. Prefer buying in Canada c. Be indifferent about where he buys his television d. None of the above