A predicted value of a dependent variable:
A. represents the difference between the expected value of the dependent variable and its actual value.
B. is always equal to the actual value of the dependent variable.
C. is independent of explanatory variables and can be estimated on the basis of the residual error term only.
D. represents the expected value of the dependent variable given particular values for the explanatory variables.
Answer: D
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Evaluate the following statement. "As long as I am still enjoying this candy I am going to keep buying and eating more of it"
What will be an ideal response?
The M2 money supply is equal to the M1 money supply plus
A) small time deposits, savings deposits, and retail money market mutual fund shares. B) all credit card balances and retail money market mutual fund shares. C) large time deposits and retail money market mutual fund shares. D) every account held by commercial banks.
Governments can use price elasticity of demand to estimate how changes in excise tax rates will affect:
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Bob deposits $100 in a bank account that pays an annual interest rate of 5 percent. A year later, Bob withdraws his $105 . If deflation was 5 percent during the year the money was deposited, then Bob's purchasing power has not changed
a. True b. False Indicate whether the statement is true or false