The error term in a multiperiod regression
A) is serially correlated.
B) causes OLS to be inconsistent.
C) is serially correlated, but less so the longer the forecast horizon.
D) is serially uncorrelated.
Answer: A
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__________ trading volume promotes __________ bid-asked spreads
A) Large; wide B) Large; narrow C) Small; narrow D) None of the above.
People who buy newly issued stock in a corporation such as Crate and Barrel provide
a. debt finance and so become part owners of Crate and Barrel. b. debt finance and so become creditors of Crate and Barrel. c. equity finance and so become part owners of Crate and Barrel. d. equity finance and so become creditors of Crate and Barrel.
In the long run, which of the following depends primarily on the growth rate of the money supply?
a. the natural rate of unemployment and the inflation rate b. the natural rate of unemployment but not the inflation rate c. the inflation rate but not the natural rate of unemployment d. neither the natural rate of unemployment nor the inflation rate
Those that work part-time and do not desire full-time employment are referred to as
A. Employed. B. The phantom unemployed. C. Discouraged workers. D. Underemployed.