For panel data, ?it is best if all the years for each cross-sectional observation are adjacent and in chronological order.
Answer the following statement true (T) or false (F)
True
Rationale: FEEDBACK: For panel data, ?it is best if all the years for each cross-sectional observation are adjacent and in chronological order.
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Using the standard 45° line diagram, how does an increase in investment spending effect the expenditure schedule?
A. It shifts the expenditure schedule downward. B. It shifts the expenditure schedule upward. C. It increases the slope of the expenditure schedule. D. It decreases the slope of the expenditure schedule.
Which of the following best describes the "education premium"?
A. The added pay for getting a higher level of education B. The added cost of getting a higher level of education C. The added benefits for society as a whole from a person getting a higher level of education D. The increase in average wages, in inflation-adjusted dollars, over time
The slope of an iso-revenue line is determined by
A) The ratio of the product to the level of output. B) The ratio of the price of the two products. C) The ratio of output to the price of the product. D) None of the above
The quantity theory of money assumes the velocity of money is constant.
Answer the following statement true (T) or false (F)