When the more recent observations are more relevant to the estimate of the next period than previous observations, the naïve forecasting method to employ is
A) exponential smoothing.
B) compound growth rate.
C) trend analysis.
D) moving averages.
A
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Higher interest rates ____ the ____ cost of holding currency and therefore reduce the quantity of currency demanded.
A. decrease; opportunity B. increase; transaction C. decrease; transaction D. increase; opportunity
Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; potential C. higher; higher D. lower; higher
The graph below illustrates the effect on the production possibilities frontier if the population grows, making more workers available. This new production possibilities frontier reflects the ability of society to
What will be an ideal response?
Which will NOT increase the average productivity of labor?
A. An increase in the size of the labor force. B. An increase in the stock of real capital. C. Improvements in the education and health of the labor force. D. Technological progress as reflected in more efficient capital goods.