The Sherman Antitrust Act:
a. prohibited restraint of trade.
b. created the Federal Trade Commission.
c. prohibited fraudulent advertising.
d. regulated the railroads.
a
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If the output gap equals -200 billion, then:
A. potential GDP is lower than actual GDP. B. there is no cyclical unemployment. C. cyclical unemployment equals the sum of structural and frictional unemployment. D. there is a recessionary gap.
How are the labor force and the unemployment rate calculated?
What will be an ideal response?
The official name of the Social Security program is _____
a. Old Age, Survivors, Disability, and Health Insurance b. Old Age, Dependents, Survivors, and Disability Insurance c. Old Age, Dependents, Disability, and Health Insurance d. Seniors, Survivors, Dependents, and Health Insurance
When testing joint hypothesis, you should
A) use t-statistics for each hypothesis and reject the null hypothesis is all of the restrictions fail. B) use the F-statistic and reject all the hypothesis if the statistic exceeds the critical value. C) use t-statistics for each hypothesis and reject the null hypothesis once the statistic exceeds the critical value for a single hypothesis. D) use the F-statistics and reject at least one of the hypothesis if the statistic exceeds the critical value.