Regression coefficients are indicators of the impact of independent variables on dependent variables.

A. True
B. False
C. Uncertain


A. True

Economics

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An essential characteristic of a perfectly competitive market is:

A. goods are standardized. B. sellers are price makers. C. buyers and sellers share market power. D. goods are unique.

Economics

Which of the following is an example of a dummy variable?

A. A person’s hourly wage B. The number of years of education someone has C. The number of years of work experience someone has D. Whether or not someone has a college degree

Economics

If the nominal interest rate is below the equilibrium value, then the quantity demanded of money is ________ than the quantity supplied of money, bond prices will ________, and the nominal interest rate will ________.

A. less; fall; increase B. greater; fall; increase C. greater; rise; increase D. greater; fall; decrease

Economics

Inflation caused by an increase in aggregate spending is referred to as:

A.  Cost-push inflation B.  Anticipated inflation C.  Demand-pull inflation D.  Hyperinflation

Economics