The rule of 72 is a formulation that allows us to know, in a very quick and simple manner, the approximate time it takes to double a number that grows at a constant rate
a. True
b. False
Indicate whether the statement is true or false
True
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Unemployment that occurs when there is deficient demand for the goods and services of an economy is called
A. structural unemployment. B. frictional unemployment. C. cyclical unemployment. D. natural unemployment.
A market demand curve measures
A) how much a consumer is willing to pay for an additional unit of the good. B) the marginal social benefit of an additional unit of the good. C) the marginal social cost of an additional unit of the good. D) Both answers A and B are correct.
Along an IS curve as income levels __________, saving is smaller, so the interest rate must be __________ to reduce the level of investment so it will be equal to saving
A) increase; higher B) increase; lower C) decrease; higher D) decrease; lower
Which of the following is a reason for using the correlated random effects approach?
A. It provides unbiased and consistent estimators when the idiosyncratic errors are serially correlated. B. It provides unbiased and consistent estimators when the idiosyncratic errors are heteroskedastic. C. It provides a more efficient estimate than the fixed effects approach. D. It provides a way to include time-constant explanatory variables in a fixed effects analysis.