The takings clause states that the government can seize private property only if ________ is provided
A) comparably-valued property
B) just compensation
C) fair market value
D) the seller's asking price
C
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The expenditure multiplier is larger than one because
A) an increase in autonomous expenditure induces further increases in aggregate expenditure. B) an increase in autonomous expenditure brings about a reduction in the real interest rate. C) additional expenditure induces lower incomes. D) an increase in autonomous expenditure induces further decreases in aggregate expenditure. E) the price level rises, thereby reinforcing the initial effect.
In pursuing a strategy of monetary targeting, the central bank announces that it will achieve a certain value (the target) of the annual growth rate of a ________
A) a monetary aggregate B) a reserve aggregate C) the monetary base D) GDP
Unbiasedness and small variance are desirable properties of estimators
However, you can imagine situations where a trade-off exists between the two: one estimator may be have a small bias but a much smaller variance than another, unbiased estimator. The concept of "mean square error" estimator combines the two concepts. Let be an estimator of ?. Then the mean square error (MSE) is defined as follows: MSE( ) = E( – ?)2. Prove that MSE( ) = bias2 + var( ). (Hint: subtract and add in E( ) in E( – ?)2.) What will be an ideal response?
If Jason's fixed cost totals $800 with variable cost per unit of $10 at a quantity of 80 units, what would his average total cost at 80 units of output equal?
a. $10 b. $18 c. $20 d. $810