The explained sum of squares for the regression function, 
, is defined as _____.
A. 
B. 
C. 
D. 
Answer: B
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Changes in the capital stock are caused by changes in ________
A) the quantity of labor B) depreciation and investment C) depreciation and entrepreneurship D) depreciation and the quantity of labor
A price support program:
A. lowers the market price by making purchases of a good, thereby increasing demand. B. lowers the market price by making purchases of a good, thereby reducing demand. C. raises the market price by making purchases of a good, thereby increasing demand. D. raises the market price by making purchases of a good, thereby reducing demand.
The federal minimum wage law demonstrates
a. market equilibrium. b. a societal choice for economic equity over efficiency. c. the function of equilibrium price in a competitive market. d. government intervention to ensure the equilibrium price.
When taxes increase, consumption
a. decreases as shown by a movement to the left along a given aggregate-demand curve.
b. decreases as shown by a shift of the aggregate demand curve to the left.
c. increases as shown by a movement to the right along a given aggregate-demand curve.
d. increases as shown by a shift of the aggregate demand curve to the right.