The method of least squares
A. minimizes the distance between the population regression line and the sample regression line.
B. can be used to estimate the slope parameters of a linear equation.
C. can be used to estimate the explanatory variables in a linear regression equation.
D. all of the above
Answer: B
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Suppose the city of Chicago imposes a rent control program that fixes rents at $400 below the equilibrium rent. With this plan
A) the quantity of apartments demanded will increase. B) the quantity of apartments supplied will increase. C) young people and poor people will have an easier time finding apartments. D) the deadweight loss in Chicago's apartment market will be eliminated. E) there will be a surplus of apartments offered for rent.
The budget line facing a household includes information on
A. prices of two goods and household income. B. household income and the price of money. C. the price of one good and household income. D. the price of two goods but no information on household income. E. preferences of goods at various prices.
Every month, the Bureau of Labor Statistics surveys 160,000 business establishments to help determine the number of jobs the economy has gained or lost
a. True b. False Indicate whether the statement is true or false
With a fixed supply of money, as GDP rises, the demand for money ____ and therefore ____ must rise to encourage savers to hold financial assets instead of cash.
A) falls; prices B) rises; incomes C) rises; rates of interest D) falls; taxes