The heteroskedasticity-robust _____ is also called the heteroskedastcity-robust Wald statistic.
A. t statistic
B. F statistic
C. LM statistic
D. z statistic
Answer: B
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When a movement up along the aggregate supply curve occurs, there is also
A) no movement along nor a shift in the short-run Phillips curve. B) a rightward shift of the short-run Phillips curve. C) a movement up along the short-run Phillips curve. D) a movement down along the short-run Phillips curve. E) a leftward shift of the short-run Phillips curve.
Labor standards in trade are typically opposed by most developing countries who believe that they will be used
A) to further neo-imperialist colonial exploitation. B) to charge these countries with crimes against child-labor standards at the Hague. C) as a protectionist tool by import-competing producers in industrial countries. D) as a means of spreading U.S. Corporate Values and destroying local cultures. E) to hinder investment in foreign-based multinational corporations.
A graph that shows the cumulative shares of income received by a family is a:
a. Distribution curve. b. Lorenz curve. c. Ricardian curve. d. Quintlile curve.
Which of the following best describes how the real balance effect works?
A) The price level falls, purchasing power rises, a person's monetary wealth rises, and the person buys fewer goods and services. B) The price level rises, purchasing power rises, a person's monetary wealth decreases, and the person buys more goods and services. C) The price level rises, purchasing power falls, a person's monetary wealth falls, and the person buys fewer goods and services. D) The price level falls, purchasing power rises, a person's monetary wealth falls, and the person buys fewer goods and services. E) none of the above