Which of the following is a difference between the White test and the Breusch-Pagan test?
A. The White test is used for detecting heteroskedasticty in a linear regression model while the Breusch-Pagan test is used for detecting autocorrelation.
B. The White test is used for detecting autocorrelation in a linear regression model while the Breusch-Pagan test is used for detecting heteroskedasticity. .
C. The number of regressors used in the White test is larger than the number of regressors used in the Breusch-Pagan test.
D. The number of regressors used in the Breusch-Pagan test is larger than the number of regressors used in the White test.
Answer: C
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During the Great Depression of the 1930s when the unemployment rate was exceptionally high due to the Great? Depression, the government had employment? programs, such as the Civilian Conservation? Corps, which built campsites and planted trees. These programs were aimed at reducing which type of? unemployment?
A) cyclical
B) avoidable
C) structural
D) frictional
E) discouraged
Compared to Keynesians, Real Business Cycle theorists
a) have greater optimism regarding markets b) give a larger role to stabilization policy c) believe technology plays a relatively minor role in short run fluctuations d) are more likely to claim that individuals are unresponsive to price changes e) are relatively unconcerned with productivity shocks
A free rider is a person who:
a. is harmed by another's actions. b. is subject to a negative externality. c. receives benefits from someone else's action but does not pay for them. d. pays less than the full value for a product. e. won the state lottery.
Classical economists argue that the velocity of money is unchanging, regardless of changes in M, P, or Q
Indicate whether the statement is true or false