The order of integration
A) can never be zero.
B) is the number of times that the series needs to be differenced for it to be stationary.
C) is the value of ?1 in the quasi difference(?Yt - ?1Yt-1).
D) depends on the number of lags in the VAR specification.
Answer: B
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The balanced budget multiplier is always equal to:
a. 0.50. b. 0.75. c. 1 / MPC. d. 1.
Suppose Vinnie is looking for a month-long vacation rental in San Diego. The first vacation rental Vinnie finds costs $800 per month. If he looks for another vacation rental, there's a 75 percent chance he'll find another one for $800 per month and a 25 percent chance he'll find one for $600 per month. Other than price, all of the vacation rentals are identical. Vinnie's marginal cost of searching for an additional vacation rental is $45. For Vinnie, the expected value of searching for another vacation rental is:
A. $200. B. $5. C. $45. D. $50.
As a firm hires more workers, holding capital and other factors constant, the marginal physical product of labor declines because
A) there are diseconomies of scale. B) less efficient workers are hired as the number of workers increase. C) workers don't perform well in teams. D) the amount of other inputs each worker has to work with declines as the number of workers increases.
Explain why the demand curve for loanable funds has a negative slope
What will be an ideal response?