An increase in national income could by caused by which of the following?
A) an increase in gross domestic product B) a decrease in personal income
C) an increase in depreciation D) an increase in personal taxes
A
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With Panel Data, regression software typically uses an "entity-demeaned" algorithm because
A) the OLS formula for the slope in the linear regression model contains deviations from means already. B) there are typically too many time periods for the regression package too handle. C) the number of estimates to calculate can become extremely large when there are a large number of entities. D) deviations from means sum up to zero.
A change in the full-employment quantity of labor... the short-run aggregate supply curve and... the long-run aggregate supply curve
What will be an ideal response?
GDP is supposed to measure the goods ________ the United States.
A. purchased in B. produced in C. imported to D. exported to
When a proposed merger between two companies is reviewed by the government, the relevant market is defined by
A) whether or not there are close substitutes for the products of the two firms. B) how elastic the demand is for each firm's product. C) counting the number of firms that produce the same product. D) how much advertising is done in the industry.