"Minimum wage laws result in unemployment" is a normative statement, while "the minimum wage should be higher" is a positive statement
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to Table 20-14. The percentage change in real average earnings from 1965 to 2010 equals
A) 2.0 percent. B) 19.7 percent. C) 24.6 percent. D) 80.3 percent.
"The rigid link between monetary growth and inflation . . . had been broken." M1 grew faster in the deflationary 1980s than in the inflationary 1970s. Why?
A) The demand for money increased, reducing spending. B) The demand for money decreased, due to financial deregulation. C) The demand for money increased, as did velocity. D) The demand for money decreased and the Fed targeted the money supply.
In a situation where a car salesman is selling cars on behalf of the dealer, the dealer is the
a. Principal b. Agent c. Both of the above d. None of the above
The manufacturer of Beanie Baby dolls used quarterly price data for 2005 I - 2013 IV (t = 1, ..., 36) and the regression equationPt = a + bt + c1D1t + c2D2t + c3D3tto forecast doll prices in the year 2014. Pt is the quarterly price of dolls, and D1t, D2t, and D3t are dummy variables for quarters I, II, and III, respectively. 
In any given year price tends to vary from quarter to quarter as follows:
A. PI > PII > PIII > PIV B. PII > PIII > PIV > PI C. PIII > PI > PII > PIV D. PI > PIV > PIII > PII E. PIV > PIII > PII > PI