The Koyck distributed lag model is an example of:
A. a moving average model.
B. an autoregressive conditional heteroskedasticity model.
C. an infinite distributed lag model.
D. a finite distributed lag model.
Answer: C
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The principal argument against comparable worth is that:
a. men and women differ largely in terms of their productivities. b. market does not function correctly and leads to inefficient allocation of resources. c. market allocates scarce resources to their most valued use in the most efficient manner. d. demand and supply do not allocate workers to where they are needed the most. e. legislation by the government are often appropriate as it processes all the available information correctly.
Both monetary policy and fiscal policy affect aggregate demand
a. True b. False Indicate whether the statement is true or false
Based on table 9.1 (the table above), the statistical discrepancy is _________
Fill in the blank(s) with the appropriate word(s).
What is the difference between real GDP and nominal GDP?
(A) Real GDP includes nonmarket activities; nominal GDP has no nonmarket activities. (B) Real GDP allows for depreciation; nominal GDP allows for no depreciation. (C) Real GDP is based on constant prices; nominal GDP is based on the current year's prices. (D) Real GDP is accurate to hundreds of dollars; nominal GDP is accurate to thousands of dollars.