When looking at a graph of nominal and real interest rates you notice that nominal rates always lie above real rates. From this you conclude
a. there were serious episodes of deflation in the time frame represented on the graph.
b. consumer prices were always rising in the time frame represented on the graph.
c. the economy never experienced a recession in the time frame represented on the graph.
d. GDP was always increasing for the time frame represented on the graph.
b
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Under what conditions will competition among politicians for votes result in an efficient provision of a public good?
What will be an ideal response?
The major difference between propensity score matching and synthetic control is that:
a. propensity score matching requires the researcher to identify qualified donor pools in choosing a control group. b. propensity score matching is an application of the methodology used in the comparative case study. c. synthetic control uses logit regression to match individuals in the treatment group with individuals with similar characteristics to create a control group. d. the way in which the control groups are identified is different.
What will make a change in supply cause a small change in price?
What will be an ideal response?
If a monopolistically competitive firm is producing an output level where its marginal cost is equal to its marginal revenue but it still earns a loss, then it should always shut down in the short run.
Answer the following statement true (T) or false (F)