Refer to the following computer output from estimating the parameters of the nonlinear modelY = aRbScTdThe computer output from the regression analysis is: 
Based on the info above, if S increases by 8% (all other things constant), Y will
A. decrease by 4.4%.
B. increase by 0.44%.
C. decrease by 3.52%.
D. decrease by 0.44%.
Answer: C
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Use the following circular flow diagram to answer the question below.
If box A represents businesses or firms, B the resource market, and C households, and if flow (3) represents money payments to households, then flow (1) would represent
A. consumption expenditures. B. the flow of goods. C. resources. D. payments to resources.
When the price of gasoline is $2.20 per gallon, 11 million gallons are demanded, and when the price of gasoline goes up to $2.60 per gallon, 10 million gallons are demanded. The gasoline in this range has a(n)
A) elastic demand. B) inelastic demand. C) unit elastic demand. D) perfectly elastic demand.
When real GDP exceeds the natural rate of output, the economy experiences a recessionary gap
a. True b. False Indicate whether the statement is true or false
Describe the vicious cycle of poverty. What are the consequences of this cycle?
What will be an ideal response?