The slope of a regression line is calculated by dividing
A. the intercept by the change in horizontal distance.
B. the change in horizontal distance by the change in vertical distance.
C. the change in horizontal distance by the intercept term.
D. the change in vertical distance by the change in horizontal distance.
E. none of these answer options are correct.
D. the change in vertical distance by the change in horizontal distance.
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The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.
A firm that has negative economic profits has accounting profits that are
A) zero. B) positive. C) negative. D) indeterminate without more information.
_________________: Want to increase activity in a given area
Fill in the blank(s) with the appropriate word(s).
In the long run, the higher saving rate leads to a higher level of productivity and income but not to higher growth in these variables.
a. true b. false