Chain-weighted indexes have less bias compared to fixed-weight indexes
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The natural unemployment rate is higher if
A) many of the new jobs created require skills possessed by the available labor. B) there are fewer two-income households. C) unemployment benefits become more generous. D) efficiency wages are lower. E) there is a decrease in the working-age population.
Assume a money multiplier of 3. If the Treasury finances a $30 million expenditure by selling securities to the Fed, the effect of this transaction on the money supply is that it will
A) remain unchanged. B) rise by $3 million. C) rise by $30 million. D) rise by $90 million.
Because of its effect on the amount of capital per worker, in the short term an increase in the working population is likely to
a. raise productivity. Other things the same, this increase will be larger in a poor country. b. raise productivity. Other things the same, this increase will be larger in a rich country. c. reduce productivity. Other things the same, this decrease will be larger in a poor country. d. reduce productivity. Other things the same, this decrease will be larger in a rich country.
Classical economists believed that in the long run the economy would fix itself, thus there was no need for any government action. Which of the following economists disagreed, saying, "In the long run, we are all dead."
A. Milton Friedman B. Arthur Laffer C. George Lucas D. John Maynard Keynes