In case of forecasts, the root mean squared error is the:
A. average of the forecast errors divided by the variance of the errors.
B. average of the absolute forecast errors.
C. standard deviation of the forecast errors without any degrees of freedom adjustment.
D. standard deviation of the forecast errors with a degrees of freedom adjustment.
Answer: C
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The loanable funds market is also referred to as the:
A) spot market. B) credit market. C) exchange market. D) capital market.
Suppose the U.S. dollar weakens against the euro (and against other major currencies). We know with certainty that this weakening of the dollar will cause which of the following to occur?
A) a recessionary gap B) an inflationary gap C) a deflationary gap D) none of the above
The goal of price discrimination is to
a. Convert consumer surplus to producer surplus b. Maximize profits c. Both a and b d. Make pricing decision difficult
The demand curve for Japanese yen will shift to the right when
A) there is a decrease in demand for Japanese-made goods in the United States. B) there is no change in the demand for Japanese-made goods in the United States. C) there is a decrease in the demand for U.S.-made goods in Japan. D) there is an increase in the demand for Japanese-made goods in the United States.