In using regression analysis to estimate demand, which of the following problems is most directly a result of insufficient data?
A) the identification problem
B) the problem of a low R2
C) the problem of high standard errors
D) the problem of insignificant F-statistics
A
You might also like to view...
The reduction in average cost resulting from an increase in the volume of a good or services produced is called:
A) information cost B) transaction cost C) diminishing returns D) economies of scale
The cost disease of personal services stems primarily from the fact that
a. prices rise too slowly to provide public receipts. b. inflation has been with us since the early 1970s. c. personal service requires direct contact between producer and consumer. d. sellers of personal services have strong unions.
Total output for an economy is basically equal to work-hours divided by labor productivity.
Answer the following statement true (T) or false (F)
Which of the following will shift the aggregate demand curve to the right, ceteris paribus?
A) an increase in interest rates B) a decrease in disposable income C) a decrease in expected profits for firms D) an increase in net exports