Which of the following is a test for serial correlation in the error terms?

A. Johansen test
B. Dickey Fuller test
C. Durbin Watson test
D. White test


Answer: C

Economics

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The substitution effect shows that when the wage rate increases

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When the interest rate is low, planned investment is ________ so output is ________.

A. high; low B. high; high C. low; high D. low; low

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