Closely watched indicators such as the inflation rate and unemployment are released each month by the
a. Bureau of the Budget.
b. Bureau of Labor Statistics.
c. Department of the Treasury.
d. President's Council of Economic Advisors.
b
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HAC standard errors should be used because
A) they are convenient simplifications of the heteroskedasticity-robust standard errors. B) conventional standard errors may result in misleading inference. C) they are easier to calculate than the heteroskedasticity-robust standard errors and yet still allow you to perform inference correctly. D) when there is a structural break, then conventional standard errors result in misleading inference.
The New Economy is one of
a. durable goods. b. services. c. information. d. manufacturing.
The law of demand indicates that:
a. every physical good has a use. b. when people want a good badly enough, they will find a way to pay for it. c. the desire for a good is unrelated to its price. d. the quantity of a good that people will buy is inversely related to the price of the good.
Which of the following is most likely a fixed cost? a. Raw materials costs
b. Shipping charges. c. Property insurance premiums. d. Fuel costs for running the factory.