If the absolute value of your calculated t-statistic exceeds the critical value from the standard normal distribution, you can
A) reject the null hypothesis.
B) safely assume that your regression results are significant.
C) reject the assumption that the error terms are homoskedastic.
D) conclude that most of the actual values are very close to the regression line.
Answer: A
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An increase in income equality causes the Lorenz curve to become more bowed away from the line of equality
Indicate whether the statement is true or false
Publications such as Consumer Reports magazine
a. increase the optimal amount of information gathered b. reduce the optimal amount of information gathered c. reduce the amount of common knowledge d. raise the marginal benefit of information curve e. make consumers perfectly informed
If the federal government were to run a budget deficit, this would:
a. increase the size of the national debt. b. reduce the size of the national debt. c. leave the size of the national debt unchanged. d. increase the national debt only if the government also expands the supply of money.
If full-employment national income is Y = $1,500 billion and the current equilibrium national income is Y = $2,200 billion and MPC = 0.8, then to eliminate the ___________ you would have to _______________
a. recessionary gap; decrease aggregate expenditure by $140 billion b. inflationary gap; decrease aggregate expenditure by $140 billion c. recessionary gap; increase aggregate expenditure by $140 billion d. inflationary gap; decrease aggregate expenditure by $700 billion e. recessionary gap; decrease aggregate expenditure by $700 billion