When the error term is not normally distributed, then
? is sometimes called the:
A. ?asymptotic standard error.
B. ?asymptotic t statistic.
C. ?asymptotic confidence interval.
D. ?asymptotic normality.
Answer: A
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You earn $500 a month, currently have $200 in currency, $100 in your checking account, $2,000 in your savings accounts, $3,000 worth of illiquid assets and $1,000 of debt. You have
A) money = $300, annual income = $6,000, and wealth = $5,000. B) money = $2,300, annual income = $6,000, and wealth = $5,000. C) money = $300, annual income = $6,000, and wealth = $4,300. D) money = $200, annual income = $500, and wealth = $4,300.
Which of the following is not a consequence of hyperinflation?
A) The price level grows in excess of hundreds of percentage points per year. B) Hyperinflation causes an economy to suffer slow growth. C) Money loses value so rapidly that individuals and firms stop holding it. D) Money's function as a medium of exchange is enhanced.
The Keynesian region of the aggregate supply curve represents an economy with:
a. high unemployment and low inflation. b. low unemployment and low inflation. c. low unemployment and high inflation. d. high unemployment and high inflation. e. excess capacity but no unemployment or inflation.
What entity or entities take the necessary steps to increase or decrease the money supply?
a. commercial banks b. the central bank c. investment firms d. pension plans