____________ is a completely inadequate mechanism ____________________ in a modern advanced economy

At a macroeconomic level, the theory of rational expectations points out that if the ______________________ is vertical over time, then people should rationally expect this pattern.

The onset of a trade deficit is most likely supported by a country’s:

Ronald Reagan’s administration used Bruce Springsteen’s “Born in the U.S.A.” as a tribute to American pride and traditional values.

EXTRA CREDIT: The textbook called them the most [commercially] successful group out of CBGB.

Initially, why were most videos on MTV mainstream rock? This was covered in the textbook, additional assigned reading, and the documentary seen in class.

This British artist fit the American new wave profile and was one of the first to enjoy success in the United States, especially after a controversial 1977 performance on Saturday Night Live.

EXTRA CREDIT: The textbook mentioned all of the following criticisms of rap music, EXCEPT:

EXTRA CREDIT: In “Ruined for Life,” British music journalist Jon Savage quotes Joe Strummer’s reaction watching _______________ for the first time; “But here was this quartet who were standing there going, ‘We don’t give a toss what you think, you pricks, this is what we like to play and this is the way we’re gonna play it.’ They were from another century, it took my head off. They honestly didn’t give a shit. The audience were shocked.”

EXTRA CREDIT: Billie Joe Armstrong of Green Day wrote, “They paint an ugly picture. No one ever had the guts to say what they said. The only person who did anything similar to it was Bob Dylan, and even Bob Dylan was never that blunt.”