In the distributed lag model, the coefficient on the contemporaneous value of the regressor is called the
A) dynamic effect.
B) cumulative multiplier.
C) autoregressive error.
D) impact effect.
Answer: D
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From one year to the next, a country's output rose from 4000 to 4500, its capital stock rose from 10,000 to 12,000, and its labor force declined from 2000 to 1750. Suppose aK = 0.3 and aN= 0.7
(a) How much did capital contribute to economic growth over the year? (b) How much did labor contribute to economic growth over the year? (c) How much did productivity contribute to economic growth over the year?
Explain the difference between economic and normal profits
What will be an ideal response?
According to the quantity theory of money, a 10 percent increase in the money supply leads to a 10 percent increase in:
a. velocity. b. unemployment. c. the price level. d. real GDP.
The monetary policy weapon least often used by the Fed is ____________.
Fill in the blank(s) with the appropriate word(s).