The tax cut of 2001 turned out to be well-timed because it caused a
a. rightward shift of the aggregate demand curve.
b. rightward shift of the aggregate supply curve.
c. leftward shift of the aggregate demand curve.
d. leftward shift of the aggregate supply curve.
a
Economics
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If an explanatory variable is strictly exogenous it implies that:
A. changes in the lag of the variable does not affect future values of the dependent variable. B. the variable is correlated with the error term in all future time periods. C. the variable cannot react to what has happened to the dependent variable in the past. D. the conditional mean of the error term given the variable is zero.
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