In 2009, the United States gross saving rate was about _______ percent of the United States gross national income.
A. less the zero
B. about twenty
C. about five
D. just over ten
D. just over ten
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Suppose the dollar depreciates from 89 Japanese yen to 79 Japanese yen. One would expect
A. U.S. imports to increase B. U.S. exports to increase. C. Japanese exports to increase. D. Japanese net exports to increase.
Suppose an industry has 100 firms, each with supply curve P = 50 + 10Q. Furthermore, suppose the market demand curve is given by P = 200 - 0.9Q. How many units of output will be produced by a firm operating in this market with a MC = 130Q?
A. 5 B. 0.70 C. 2 D. It is impossible to answer with the information given
The R2 calculated in a spurious regression is a valid and efficient estimate of the goodness-of-fit of the regression equation.
Answer the following statement true (T) or false (F)
An important cause of recessions is an unexpected negative supply shift, such as higher oil prices.
Answer the following statement true (T) or false (F)