The interest rate that the Fed charges when it lends reserves to banks is called the federal funds rate
Indicate whether the statement is true or false
False
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The labor force is defined as the
A) number of people over 16 years of age. B) number of people who are working. C) sum of employed and unemployed people. D) number of people in blue-collar jobs.
The components of internal validity are
A) a large sample, and BLUE property of the estimator. B) a regression R2 above 0.75 and serially uncorrelated errors. C) unbiasedness and consistency of the estimator, and desired significance level of hypothesis testing. D) nonstochastic explanatory variables, and prediction intervals close to the sample mean.
Expected value is defined as
a. the profit on a fair bet. b. the most likely outcome of a given experiment. c. the outcome that will occur on average for a given experiment. d. the relative frequency with which an event will occur.
Economic choice and competitive behavior are the result of
a. basic human greed. b. poverty. c. private ownership of resources. d. scarcity.