A measure of how much the coefficient would vary in regressions based on different samples is called:
A) standard error of the estimated coefficient.
B) F-statistic.
C) partial F-statistic.
D) t-statistic.
A
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The table above gives the aggregate demand and aggregate supply schedules in Lotus Land. In short-run equilibrium, there is ________
A) an inflationary gap of $100 B) a recessionary gap of $100 C) a recessionary gap of $200 D) an inflationary gap of $200
Refer to Figure 2-1. ________ is (are) unattainable with current resources
A) Point A B) Point B C) Point C D) Points A and C
For voluntary action to correct an externality
A) transaction costs have to be high. B) transaction costs have to be low. C) transaction costs have to be split evenly between all of the parties involved. D) transaction costs are irrelevant.
Suppose that if poor households have a price elasticity of demand for medical care of 0.50 and rich households have a price elasticity of demand for medical care of 0.25, then a price increase of 10% would lead to the poor households reducing their quantity demanded for medical care by:
A. 2.5%. B. 5%. C. 25%. D. 50%.