If a process is a covariance stationary process, then it will have a finite second moment.
Answer the following statement true (T) or false (F)
False
Rationale: FEEDBACK: If a stationary process has a finite second moment, then it must be covariance stationary, but the converse is certainly not true.
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In the above figure, a change in autonomous consumption to 100 would cause the consumption function to
A) become steeper. B) become flatter. C) shift down. D) shift up.
Figure 11-1
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In Figure 11-1, to achieve equilibrium at potential GDP, the government could
A. increase taxes. B. decrease transfer payments. C. increase government purchases. D. None of the above is correct.
A particular brand of red soda was pulled from the market because company executives felt it was not modern enough. Immediately, people began contacting the company asking for the product to return, threatening to quit buying the company’s other products, and expressing their desire to pay a premium for the red soda. As a result, the company put it back on the market. This is an example of ______.
a. production possibilities b. centralized planning c. government bureaucracy d. consumer sovereignty
A chart that lists how much of a good a supplier will offer at various prices:
a. subsidy b. supply schedule c. law of supply d. elasticity of supply e. excise tax