Experimental data are often
A) observational data.
B) binary data, in that the subject either does or does not respond to the treatment.
C) panel data.
D) time series data.
Answer: C) panel data.
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There are many cattle ranchers in the world, and there are also many McDonald's restaurants in the world. Why, then, does a McDonald's restaurant face a downward-sloping demand curve while a cattle rancher faces a horizontal demand curve?
What will be an ideal response?
Government policies which reduce the price of education increase ________ in the AK growth models or increase ________ in the production function for new ideas in the two-sector growth model
A) the capital stock; the productivity of researchers B) the efficiency index; the size of the labor force C) the proportion of the labor force devoted to research; the capital stock D) the productivity of researchers; the size of the labor force
If the short-run aggregate supply curve is positively sloped and the Fed increases the money supply, aggregate demand: a. falls, which increases real GDP and the price level
b. increases, which decreases real GDP and the price level. c. falls, which decreases real GDP and increases the price level. d. increases, which decreases real GDP and increases the price level. e. increases, which increases real GDP and the price level.
The level of aggregate output demanded falls when the price level rises, because the resulting increase in the interest rate will lead to
A. lower investment spending and lower consumption spending. B. lower investment spending and higher consumption spending. C. higher investment spending and lower consumption spending. D. higher investment spending and higher consumption spending.