When the Fed sells bonds in the open market, interest rates _______ and aggregate demand shifts to the _______.
A. Rise; left
B. Rise; right
C. Fall; left
D. Fall; right
A. Rise; left
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In this graph, at point e1, output level is ______.
a. above the potential
b. below the potential
c. at the potential
d. not shown
Which of the following correctly identifies an advantage of using adjusted R2 over R2?
A. Adjusted R2 corrects the bias in R2. B. Adjusted R2 is easier to calculate than R2. C. The penalty of adding new independent variables is better understood through adjusted R2 than R2. D. The adjusted R2 can be calculated for models having logarithmic functions while R2 cannot be calculated for such models.
One reason it took so long to have a central bank in the United States is that:
A. state currencies worked fine. B. it wasn't needed. C. states feared centralization of power. D. all of the answer options are correct.
The terms of trade are
A) the terms negotiated in a trade agreement. B) exports plus imports divided by GDP. C) the value of the real exchange rate. D) the ratio of export prices to import prices.