When estimating a regression line, a high R2‚ tells us we have
A) a good fit.
B) large residuals.
C) correctly determined the direction of causation.
D) all of the above
E) none of the above
A
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Countries with large current account surpluses might be viewed by the market as candidates for
A) devaluation. B) revaluation. C) bankruptcy. D) depreciation. E) investment.
The Taft-Hartley Act made all of the following illegal EXCEPT
A) jurisdictional disputes. B) the Congress of Industrial Organizations. C) make-to-work laws. D) closed shops.
The basic aggregate demand and aggregate supply curve model helps explain ________ fluctuations in real GDP and the price level
A) short-term B) long-term C) both short-term and long-term D) unrelated
Refer to the information provided in Figure 3.14 below to answer the question(s) that follow.
Figure 3.14Refer to Figure 3.14. If this market is unregulated and the price is currently $30, you would expect that the price of sunglasses would
A. rise to $60, where quantity demanded equals quantity supplied. B. rise to $90, so the firm could meet its excess demand. C. remain at $30, because firms would not want to increase the price. D. rise, but the new price is indeterminate from the information provided.