Time-series forecasting models:
a. are useful whenever changes occur rapidly and wildly
b. are more effective in making long-run forecasts than short-run forecasts
c. are based solely on historical observations of the values of the variable being forecasted
d. attempt to explain the underlying causal relationships which produce the observed outcome
e. none of the above
c
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Which of the following is not a leading variable?
A) Inflation B) Stock prices C) Average labor productivity D) Residential investment
Discrimination is an example of a rationing mechanism that may naturally develop in response to a binding price floor
a. True b. False Indicate whether the statement is true or false
A move from F to G represents
A. an increase in quantity demanded.
B. a decrease in quantity demanded.
C. an increase in demand.
D. a decrease in demand.
According to the Laffer curve, an increase in the tax rate will increase tax revenue
A. if the economy is on the positively sloped section of the curve. B. if the economy is on the negatively sloped section of the curve. C. no matter the location of the economy on the curve. D. if the economy is at the farthest point out on the curve.