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Unformatted text preview: Practice &Exam for Friday Feb. 8 1 I. Propositional Logic (PL): 1. Translate the following into PL, using the key provided. R = Interest rates will rise; E = The economy improves; C = Consumers increase borrowing; S = Consumer spending falls; U = Unemployment rises; D = The deficit will be reduced; T = Taxes are raised. ; G The government increases spending. F = The Federal Reserve intervenes to save the U.S. economy; C 1 = China intervenes to save the U.S. economy; S 1 = Saudi Arabia intervenes to save the U.S economy. (In the following, them refers to the Federal Reserve, Saudi Arabia and China) a) Interest rates will rise only if the economy improves and consumers increase borrowing. b) Unless the deficit is reduced, taxes and interest rates will rise and the economy will not improve. c) The economy improves if interest rates rise. d) The deficit will be reduced and the economy will improve if taxes are raised and interest rates do not rise. e) Only if the economy improves and consumers increase borrowing will the deficit be reduced, but taxes will be raised unless government spending does not increase....
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- Winter '08