There is general agreement among economists that a proposed fiscal policy should be evaluated for its:
A. Contribution to the purpose of "fine-tuning" the economy
B. Contribution to the growth of exports and imports in the economy
C. Potential positive and negative effects on long-run productivity growth
D. Potential positive and negative effects on short-run business indebtedness
C. Potential positive and negative effects on long-run productivity growth
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The Granger Causality Test
A) uses the F-statistic to test the hypothesis that certain regressors have no predictive content for the dependent variable beyond that contained in the other regressors. B) establishes the direction of causality (as used in common parlance) between X and Y in addition to correlation. C) is a rather complicated test for statistical independence. D) is a special case of the Augmented Dickey-Fuller test.
The Safety Fund System
a. operated similarly to the modern Federal Deposit Insurance Corporation. b. was a clearinghouse for banks. c. was established by Nicholas Biddle. d. was used primarily prior to 1863 in Louisiana. e. All of the above.