To obtain the slope estimator using the least squares principle, you divide the
A) sample variance of X by the sample variance of Y.
B) sample covariance of X and Y by the sample variance of Y.
C) sample covariance of X and Y by the sample variance of X.
D) sample variance of X by the sample covariance of X and Y.
Ans: C) sample covariance of X and Y by the sample variance of X.
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Spending more time commuting in exchange for a lower monthly rent refers to a(n):
A) barter. B) trade-off. C) externality. D) monetary exchange.
The Taylor rule is consistent with the Fed's dual mandate of
A) stable exchange rates and price stability. B) price stability and maximum sustainable employment. C) financial market stability and stable exchange rates. D) maximum sustainable employment and financial market stability.
The multiplier principle is built on the premise that one person's spending is another person's
a. debt. b. obligation. c. income. d. saving.
The recognition that _____ plays a profound role in many developing nations has led to more attention to this factor when choosing an exchange rate regime.
A) poverty B) illiteracy C) currency mismatch due to liability dollarization D) government corruption