Show in a diagram an S-curve and a 45-degree line. Are all three points of intersection stable equilibrium points? Explain
What will be an ideal response?
Explained in the text.
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List all the sources of income-based payments to foreigners
What will be an ideal response?
If the price of gasoline increases, what will be the impact in the market for public transportation?
A) The quantity of public transportation demanded decreases. B) The quantity of public transportation demanded increases. C) The demand curve for public transportation shifts to the right. D) The demand curve for public transportation shifts to the left.
An increase in aggregate demand will tend to cause which of the following?
A) a deflationary gap B) a recessionary gap C) cost-push inflation D) none of the above
Pseudo out of sample forecasting can be used for the following reasons with the exception of
A) giving the forecaster a sense of how well the model forecasts at the end of the sample. B) estimating the RMSFE. C) analyzing whether or not a time series contains a unit root. D) evaluating the relative forecasting performance of two or more forecasting models.