The marginal rate of substitution is the slope of the budget constraint
a. True
b. False
Indicate whether the statement is true or false
False
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The 2009 fiscal stimulus bill represented approximately
A. 5.5 percent of GDP and was designed to close the expansionary gap. B. 5.5 percent of GDP and was designed to close the recessionary gap. C. 7.8 percent of GDP and was designed to close the expansionary gap. D. 7.8 percent of GDP and was designed to close the recessionary gap.
Describe the consequences of estimating an equation by OLS in the presence of an endogenous regressor. How can you overcome these obstacles? Present an alternative estimator and state its properties
What will be an ideal response?
Which of the following are instruments of Monetary Policy?
(a) Consumer Price Index. (b) Interest Rates. (c) Money Supply. (d) Both (b) & (c) are correct.
Refer to the information provided in Figure 1.4 below to answer the question(s) that follow.
Figure 1.4Refer to Figure 1.4. Which of the Panels shows a curve or line that has an infinite slope throughout?
A. A B. B C. C D. D