If the natural rate of unemployment declines ________
A) labor is more heavily utilized
B) potential output increases
C) the long run aggregate supply curve shifts to the right
D) all of the above
E) none of the above
D
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If the marginal product of labor is decreasing, then marginal cost of production must be rising
Indicate whether the statement is true or false
Consider the special panel case where T = 2. If some of the omitted variables, which you hope to capture in the changes analysis, in fact change over time, then the estimator on the included change regressor
A) will be unbiased only when allowing for heteroskedastic-robust standard errors. B) may still be unbiased. C) will only be unbiased in large samples. D) will always be unbiased.
An individual insured against a particular cost, a. has reduced incentives to take precautions against those costs. b. may take on additional risk because he/she is insured
c. faces incentives that can result in higher insurance rates. d. All of the above are true.
The Federal Reserve System has
A. 50 district banks. B. 12 district banks. C. 7 district banks. D. 24 district banks.