To find aggregate planned expenditures, which of the following must be added to consumption expenditure?
i. net exports
ii. investment
iii. government expenditure on goods and services
A) i only B) ii only C) iii only D) i and ii E) i, ii, and iii
E
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The DOLS estimator has the following property if Xt and Yt are cointegrated:
A) it is BLUE even in small samples. B) it is efficient in large samples. C) it has a standard normal distribution when homoskedasticity-only standard errors are used. D) it has a non-normal distribution in large samples when HAC standard errors are used.
Many economists conclude that in-kind income programs have served to reduce levels of inequality significantly from the levels suggested by aggregate income statistics
a. True b. False Indicate whether the statement is true or false
Ceteris paribus, the greater the foreign holdings of the U.S. treasury securities:
a. the lower the value of the U.S. dollar in the foreign exchange market. b. the higher the interest rate in the U.S. c. the greater the level of U.S. imports. d. the lower the wealth of the U.S. citizens. e. the lower the tax rate in the U.S. economy.
Less restrictive immigration policies would shift the labor demand to the right
Indicate whether the statement is true or false