Which is not one of the Four Fundamental Questions?
A. How will goods and services be produced?
B. Who is to receive the output of the system?
C. How should the system promote progress?
D. What goods and services should be produced by government?
Answer: D
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When Xt is strictly exogenous, the following estimator(s) of dynamic causal effects are available:
A) estimating an ADL model and calculating the dynamic multipliers from the estimated ADL coefficients B) using GLS to estimate the coefficients of the distributed lag model C) neither (a) or (b) D) (a) and (b)
A fall in interest rates leads to:
a. an increase in the rental rate on a machine. b. a decrease in the rental rate on a machine. c. no change in the rental rate on a machine. d. a fall in the marginal productivity of capital.
Information technology lowered ______________ and increased ______________ from nonbank financial institutions
Fill in the blank(s) with the appropriate word(s).
If there are external costs of production not accounted for, then marginal
A. cost is less than marginal social cost. B. cost equals marginal social cost. C. social cost is zero. D. cost is greater than marginal social cost.