Refer to Figure 2-4. Unemployment could cause this economy to produce at which point(s)?

The Augmented Dickey Fuller (ADF) t-statistic

A) has a normal distribution in large samples. B) has the identical distribution whether or not a trend is included or not. C) is a two-sided test. D) is an extension of the Dickey-Fuller test when the underlying model is AR(p) rather than AR(1).

The total cost of a basket of goods and services in the years 2008, 2009, and 2010 were $4,500, $5,000 . and $6,000 . respectively. Assuming 2009 as the base year, the inflation rate in 2010 was _____

a. 15 percent b. 5 percent c. 20 percent d. 10 percent

Which of the following is characteristic of the corporate form of ownership?

a. unlimited liability b. easy transferability of ownership rights c. no divisible ownership rights d. absence of the principal-agent problem

An economy in which output has decreased and prices have decreased would suggest a:

A. decrease in short-run aggregate supply. B. increase in aggregate demand. C. increase in short-run aggregate supply. D. decrease in aggregate demand.