Each of the following factors contribute to the slope of the dynamic aggregate demand curve, except the:
A. extent to which monetary policymakers react to a change in current inflation.
B. current level of technology.
C. size of the response of aggregate expenditures to changes in the interest rate.
D. strength of the effect of inflation on real balances.x
Answer: B
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Unit root tests
A) use the standard normal distribution since they are based on the t-statistic. B) cannot use the standard normal distribution for statistical inference. As a result the ADF statistic has its own special table of critical values. C) can use the standard normal distribution only when testing that the level variable is stationary, but not the difference variable. D) can use the standard normal distribution but only if HAC standard errors were computed.
Which of the following is not a legal organization of a firm?
A) corporation B) partnership C) entrepreneurship D) proprietorship
The supply of foreign exchange to the United States is generated by the desire for foreigners to acquire dollars for all except one of the following reasons. Which is the exception?
a. The United States is considered a safe haven in times of political unrest. b. The dollar has long been accepted as an international medium of exchange. c. Foreigners want to buy U.S. assets. d. U.S. goods have become less attractive to foreigners. e. Foreigners wish to make cash gifts to family in the United States.
Pure rent is the return to any factor of production that is in fixed supply.
Answer the following statement true (T) or false (F)