In the above figure, x is
A) positively related to y and negatively related to z.
B) positively related to both y and z.
C) negatively related to y and positively related to z.
D) negatively related to both y and z.
C
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When you buy a hamburger for lunch, you are using money as a
A) store of value. B) standard of deferred payment. C) medium of exchange. D) unit of accounting.
Jill consumes nothing but soup and cola. It is possible that both soup and cola are necessities for Jill
Indicate whether the statement is true or false
One advantage of forecasts based on a VAR rather than separately forecasting the variables involved is
A) that VAR forecasts are easier to calculate. B) you typically have knowledge of future values of at least one of the variables involved. C) it can help to make the forecasts mutually consistent. D) that VAR involves panel data.
Among the most important indicators used by the NBER Business Cycle Dating Committee to determine the beginning of the 2007-2009 recession were all of the following except:
A. industrial production. B. total sales in manufacturing, wholesale trade, and retail trade. C. nonfarm employment. D. the consumer price index.