Which of the following is true of Chow test?
A. It is a type of t test.
B. It is a type of sign test.
C. It is only valid under homoskedasticty.
D. It is only valid under heteroskedasticity.
Answer: C
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An incentive compensation scheme includes
a. a performance evaluation system b. a disciplinary action committee c. a reward system linked to performance d. Both A&C
Examples of strategic behavior include
A) kinked demand and linear demand. B) prisoner's dilemma and interdependence. C) kinked demand and economic profit D) prisoner's dilemma and kinked demand.
According to the new classical theory, a $50 billion increase in government expenditures financed by a $50 billion increase in the budget deficit will
a. cause real output to expand $200 billion if the marginal propensity to consume is three-fourths. b. exert little impact on real output because higher real interest rates will crowd out private spending. c. stimulate aggregate demand, causing prices to rise (inflation). d. be largely offset by a reduction in private spending because individuals will anticipate higher future taxes.
Which area has the highest rate of inflation over the years of 2007-2011?
a. Atlanta b. Pittsburgh c. Miami d. Dallas