If the Y-intercept of a linear function increases while the slope remains unchanged
a. the graph must shift down in a parallel way.
b. the graph must rotate to the left about the X intercept.
c. the graph must shift up in a parallel.
d. the graph remains unchanged.
c
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In monopolistic competition, firms can make an economic profit in
A) the short run and in the long run. B) the short run but not in the long run. C) the long run but not in the short run. D) neither the long run nor the short run.
During the expansion phase of the business cycle, which of the following eventually increases?
A) income B) production C) employment D) all of the above
Under the VAR assumptions, the OLS estimators are
A) consistent and have a joint normal distribution even in small samples. B) BLUE. C) consistent and have a joint normal distribution in large samples. D) unbiased.
Demand deposits are liabilities to a bank because
a. the bank must pay interest on these accounts b. we need some method of creating a balance c. the bank must be willing to account for loans and bonds d. the bank could potentially lose this money if loans are not repaid e. the customers have the right to withdraw the funds from their checking accounts