Money market mutual funds sell shares to investors and use the money to buy
A) overseas assets through foreign direct investment.
B) short-term securities.
C) foreign currency.
D) mortgage-backed securities.
B
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The OLS estimator is derived by
A) connecting the Yi corresponding to the lowest Xi observation with the Yi corresponding to the highest Xi observation. B) making sure that the standard error of the regression equals the standard error of the slope estimator. C) minimizing the sum of absolute residuals. D) minimizing the sum of squared residuals.
The approach to calculating GDP that measures the contribution of each firm to GDP is referred to as the
a. expenditures approach to measuring GDP b. factor payments approach to measuring GDP c. value added approach to measuring GDP d. productivity approach to measuring GDP e. output approach to measuring GDP
Governments may exercise moral judgment in levying taxes. Items that are typically excluded include the following, except
a. milk b. bread c. cigarettes d. medicine e. books
The short-run aggregate supply curve is:
A. Vertical at all levels of output. B. Horizontal at all levels of output. C. Downward sloping to the right. D. Upward sloping to the right.