The unemployment rate was increasing from 6 percent to 7 percent could be interpreted as an increase in the natural rate of
A. inflation.
B. unemployment.
C. economic growth.
D. aggregate supply.
Answer: B
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The rule-of-thumb for checking for weak instruments is as follows: for the case of a single endogenous regressor,
A) a first stage F must be statistically significant to indicate a strong instrument. B) a first stage F > 1.96 indicates that the instruments are weak. C) the t-statistic on each of the instruments must exceed at least 1.64. D) a first stage F < 10 indicates that the instruments are weak.
The government’s profit from printing currency is called
a) seignorage b) arbitrage c) the rate of exploitation d) the inflation tax e) the velocity of money
Corporation income taxes are not levied on the income of partnerships or proprietorships.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 33.4 below to answer the question(s) that follow.
 Figure 33.4Refer to Figure 33.4. The domestic price of a leather wallet is $20. With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15. With the tariff domestic consumption is
A. 100. B. 150. C. 200. D. 250.