The homoskedastic normal regression assumptions are all of the following with the exception of:
A) the errors are homoskedastic.
B) the errors are normally distributed.
C) there are no outliers.
D) there are at least 10 observations.
Answer: D
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?Each economic model can be applied to many different real-world problems.
Answer the following statement true (T) or false (F)
In the typical bathtub, the flow of water into the tub is controlled by a faucet independently of the quantity of water in the tub
How is the bathtub analogy of the steady state in the Solow model different? How does this difference relate to the phenomenon of convergence?
Refer to the accompanying table. The law of diminishing marginal utility:UnitsUtils Per Year from T-shirtsUtils Per Year from Sweaters0001754002135720318096042101120
A. applies to both t-shirts and sweaters. B. applies to sweaters but not t-shirts. C. applies to t-shirts but not sweaters. D. does not apply to either t-shirts or sweaters.
The multiple by which the commercial banking system can expand the supply of money is equal to the reciprocal of:
A. the MPS. B. its actual reserves. C. its excess reserves. D. the reserve ratio.