A manager will have the least confidence in an explanatory variable that
A) does not pass the F-test.
B) is expressed as a dummy variable.
C) does not pass the t-test.
D) constitutes only a small part of R2.
C
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Advocates of flexible exchange rates claim that under flexible exchange rates, the central bank of
A) an overheated economy could cool down activity by increasing the money supply without worrying that undesired reserve inflow would undermine its stabilization effort. B) a cooled economy could cool down activity by contracting the money supply without worrying that undesired reserve inflow would undermine its stabilization effort. C) an overheated economy could cool down activity by contracting the money supply without worrying that undesired reserve inflow would undermine its stabilization effort. D) an overheated economy could cool down activity by contracting the money supply without worrying that undesired reserve outflow would undermine its stabilization effort. E) an overheated economy could cool down activity by decreasing employment and increasing output without worrying that this would undermine its stabilization effort.
The income distribution in less-developed nations tends to be
a. more uneven than in developed economies b. less uneven than in developed economies c. similar to that in developed economies d. impossible to calculate e. not comparable because tax structures differ among countries
If there is a sudden jump in the inflation rate, the purchasing power of financial assets will immediately fall
a. True b. False Indicate whether the statement is true or false
Fiat money is
a. always backed by gold or silver. b. useful in buying Italian cars. c. only backed by government decree. d. not as liquid as precious metals.