The sample covariance between the regressors and the Ordinary Least Square (OLS) residuals is always positive.
Answer the following statement true (T) or false (F)
False
Rationale: FEEDBACK: The sample covariance between the regressors and the Ordinary Least Square (OLS) residuals is zero.
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Marginal utility diminishes as consumption of a good decreases
Indicate whether the statement is true or false
Terrell, an auto repair mechanic who remains unemployed because he refuses to work for less than $1,000 an hour, is
a. counted as part of the labor force. b. considered frictionally unemployed. c. an underemployed worker. d. not counted as part of the labor force. e. considered as productively active.
Stagflation refers to a situation in which the economy is experiencing:
A. high economic growth and high inflation. B. low economic growth and high inflation. C. high economic growth and low inflation. D. low economic growth and low inflation.
Graphically show how a price floor works and tell how Congress acts to restrict supply to prop up farm prices.
What will be an ideal response?