Constrained discretion ________
A) eliminates all discretion in policymaking
B) imposes an inherent discipline on consumers
C) imposes an inherent discipline on policymakers but does not eliminate all flexibility
D) requires policymakers follow a constant growth rate rule for money
C
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Autonomous expenditure is a type of expenditure that does not depend on
A) GDP. B) wealth. C) expectations. D) rates.
The Solo Coal Mine is the only employer in the small town of Way out there. The market supply of coal miners is Qs = 0.02W - 400, where W is the annual wage of a coal miner and Q is the number of people who would accept employment as a coal miner. What is the inverse supply function for coal miners?
A. W = 0.02Qs - 400 B. W = 0.02Qs + 400 C. W = 50Qs + 20,000 D. W = 200Qs + 800
Figure 6-2
illustrates the four possibilities of the structure of production and consumption for a good or service. In which case is the incentive of producers and consumers to economize the strongest?
a.
A
b.
B
c.
C
d.
D
A forecaster used the regression equationQt = a + bt + c1D1 + c2D2 + c3D3and quarterly sales data for 1996 I - 2013 IV (t = 1, ..., 64) for an appliance manufacturer to obtain the results shown below. Q is quarterly sales, and D1, D2 and D3 are dummy variables for quarters I, II, and III. 
What is the estimated intercept of the trend line in the second quarter?
A. 25 B. 55 C. 26.6 D. 65 E. none of the above