The wage and price controls of the 1940s eventually led to:
a. black markets.
b. "forced uptrading."
c. calls for nationalizing the nation's cattle herds.
d. All of the above are correct.
d. All of the above are correct.
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Assume that you have used the OLS estimator in the cointegrating regression and test the residual for a unit root using an ADF test. The resulting ADF test statistic has a
A) normal distribution in large samples. B) non-normal distribution which requires ADF critical values for inference. C) non-normal distribution which requires EG-ADF critical values for inference. D) normal distribution when HAC standard errors are used.
If a perfectly competitive industry is in long-run equilibrium, the price of the product equals the minimum of:
A. marginal cost. B. fixed cost. C. average variable cost. D. average total cost.
What factors determine technological progress?
What will be an ideal response?
Which of the following would cause the dollar to depreciate?
A) an increase in the demand for dollars B) a decrease in the demand for dollars C) a decrease in the supply of dollars D) a decrease in the demand for imports from foreign countries