The leader of a federal political party made the following campaign promise: "My administration will improve welfare by increasing national defense without requiring sacrifices elsewhere in the economy." This is an example of a positive statement
a. True
b. False
Indicate whether the statement is true or false
False
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According to the law of demand, consumers will
A) change their production plans when the price of a good changes. B) change their consumption plans when the price of a good changes. C) change their demand when the price of a good changes. D) increase their quantity demanded when the price of a good increases. E) decrease their quantity demanded when the price of a good decreases.
The lag length in a VAR using the BIC proceeds as follows: Among a set of candidate values of p, the estimated lag length xxxis the value of p
A) For which the BIC exceeds the AIC B) That maximizes BIC(p) C) Cannot be determined here since a VAR is a system of equations, not a single one D) That minimizes BIC(p)
A decrease in the price of peanut butter will cause a leftward shift of the supply curve of peanut butter
a. True b. False
The majority of banks in the United States are
a. federally chartered and members of the Fed b. state-chartered banks and members of the Fed c. savings institutions d. state-chartered banks and not members of the Fed e. state-chartered credit unions