If we use 
to estimate 
?, thenthe residual for predicting yiis:
A. ?
B. ?
C. ?
D. ?
Answer: A
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"Under the social interest theory of regulation, regulators attempt to maximize profits for the owners of the firms being regulated." Is the previous statement correct or incorrect? Explain your answer
What will be an ideal response?
Everything else held constant, an increase in net taxes ________ aggregate ________
A) increases; demand B) decreases; demand C) decreases; supply D) increases; supply
The potential for a financial breakdown at large institutions to spread throughout the financial system is called
A) a systemic risk. B) a too-large-to-fail problem. C) an averse selection problem. D) a moral hazard.
During the postwar period, changing patterns of consumer demand led to changes in the distribution of jobs in the US economy. In particular, the income elasticity of demand for many consumer products was ____________ the income elasticity of demand for services, such as medical care and insurance
a. less than b. greater than c. equal to