The probability of obtaining your result based on sample data if the null hypothesis is true is called
A. a least squares estimate.
B. correlation.
C. selection bias.
D. a p-value.
Answer: D
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With the assumption that some voluntary exchanges that would make both parties better off are somehow being blocked, we have the basis for a ________ macroeconomic model, such as those constructed by ________ economists
A) non-market-clearing, New Keynesian B) non-market-clearing, New Classical C) market-clearing, New Keynesian D) market-clearing, New Classical
If a decrease in the price of a good decreases the total revenue, the demand for the good is
a. price elastic b. price inelastic c. income elastic d. income inelastic
The value of fiat money is fundamentally determined by the: a. reputation of the bank that holds it
b. reputation of the person who holds it. c. value of the gold or silver for which it can be redeemed. d. value of the commodities for which it can be traded. e. value of comparable stocks and bonds.
How does the aggregate-demand curve shift when increased uncertainty and pessimism about the future of the economy lead firms to desire less investment spending?
a. The curve shifts to the right. b. The curve shifts to the left. c. The curve does not shift at all. d. The curve first shifts to the right and then shifts to the left.