Ceteris Paribus, if current output has fallen below potential ________
A) a positive inflation gap will ensue
B) it is likely that the equilibrium real rate has fallen below the policy rate
C) a negative unemployment gap will ensue
D) it is likely that the equilibrium real rate has risen above the policy rate
E) none of the above
B
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The characteristic of games whereby the outcome of the game depends not only on what you do but on what the other players do in response is called
A) strategic interaction. B) mutual interdependence. C) optimal choice analysis. D) decision theory.
Refer to the scenario above. What is the difference between the future value of John's deposit and Wendy's deposit after one year?
A) $10 B) $40 C) $60 D) $100
With panel data, the causal effect
A) cannot be estimated since correlation does not imply causation. B) is typically estimated using the probit regression model. C) can be estimated using the "differences-in-differences" estimator. D) can be estimated by looking at the difference between the treatment and the control group after the treatment has taken place.
The production of capital goods, which are then used to produce consumer goods, is called
a. efficient production b. intermediation c. time preferences d. roundabout production e. derived production