Exponential smoothing is a forecasting method where the weights on the lagged dependent variable decline to zero exponentially.
Answer the following statement true (T) or false (F)
True
Rationale: FEEDBACK: Exponential smoothing is a forecasting method where the weight on the lagged dependent variable decline to zero exponentially.
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A natural monopoly occurs when a single firm can produce the entire output of the market at a lower average cost than could many firms
a. True b. False Indicate whether the statement is true or false
______ occurs when the Fed buys long-term securities, thus driving down long-term interest rates and encouraging spending.
a. Quantitative speculating b. Quantitative easing c. Qualitative speculating d. Qualitative easing
Leakages in the circular flow model are
A. caused by people saving instead of spending. B. reflected in the vertical long-run aggregate supply curve. C. possible when unemployment exists. D. caused by people not acting rational.
One million automobiles have a defect that could cause the car to explode; however, only one of those cars will actually explode. Nobody knows which one car it is. When the car does explode, the victim's family will sue the automaker for $1 million and win. The defect costs $2 per car to repair. What does economics predict about the automaker's decision to repair the defect?
What will be an ideal response?