On average, in the recessions since 1950, it has taken ________ for real GDP to return to its cyclical peak
A) about 6 months
B) about 1 year
C) about 18 months
D) almost 2.5 years
Answer: C
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Under the least squares assumptions for the multiple regression problem (zero conditional mean for the error term, all Xi and Yi being i.i.d., all Xi and ui having finite fourth moments,
no perfect multicollinearity), the OLS estimators for the slopes and intercept A) have an exact normal distribution for n > 25. B) are BLUE. C) have a normal distribution in small samples as long as the errors are homoskedastic. D) are unbiased and consistent.
Technological change leads to unemployment
a. True b. False Indicate whether the statement is true or false
If you want to earn a high income you should figure out what others value because
What will be an ideal response?
Refer to the data above. The marginal propensity to consume is:
.40 .75 .60 .80