Dummy variables can be used to address the problem of seasonality in regression models.
Answer the following statement true (T) or false (F)
True
Rationale: FEEDBACK: Dummy variables can be used to account for seasonality in the dependent variable, the independent variables, or both and thus, address the problem of seasonality in regression models.
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Suppose a person cashes his payroll check and holds all the funds in the form of currency. Everything else held constant, total reserves in the banking system ________ and the monetary base ________
A) remain unchanged; increases B) decrease; increases C) decrease; remains unchanged D) decrease; decreases
The long-run equilibrium level of RGDP only changes when the LRAS shifts
a. True b. False Indicate whether the statement is true or false
Which of the following is a unique provision of NAFTA?
A) tariff elimination B) common currency C) environmental standards D) immigration oversights and policies
Labor force participation rates tend to
A. be unrelated to education level for both men and women. B. be unrelated to education level for men but to increase with education level for women. C. decrease with education level for men but to increase with education level for women. D. decrease with education level for both men and women. E. increase with education level for both men and women.