The distributed lag model is given by
A) Yt = ?0 + ?1Xt + ?2Yt-1 + ut.
B) Yt = ?0 + ?1Yt-1 + ?2Yt-2 + ... + ?rYt-r + ut.
C) Yt = ?0 + ?1ut + ?2ut+1 + ?3ut+2 + ... + ?r+1ut+r + et.
D) Yt = ?0 + ?1Xt + ?2Xt-1 + ?3Xt-2 + ... + ?r+1Xt-r + ut.
Answer: D
You might also like to view...
Which of the following most likely would decrease frictional unemployment?
A) an increase in the number of high school and college graduates B) effective Internet-based employment services and job registries C) an expansion of unemployment compensation benefits D) All of the above would decrease frictional unemployment.
The government budget surplus equals
A) government purchases plus transfers. B) government receipts minus government outlays. C) government purchases minus net receipts. D) government purchases minus transfers.
Answer the following statement(s) true (T) or false (F)
1. The production possibilities curve highlights the concept of trade-offs 2. An economy operating inside the production possibilities curve is efficient. 3. Misallocation of resources can lead to inefficiency. 4. If an economy uses all its resources efficiently, it will operate at a point beyond its current production possibilities curve.
Which of the following is not a property of isoprofit curves graphed in Probability of Injury (x-axis) versus Wage (y-axis) space?
A. Profit-maximizing firms are indifferent as to where they operate on any given curve. B. All points on each isoprofit curve yield the same level of profit. C. Isoprofit curves going up along the y-axis yield higher profits. D. Isoprofit curves going out along the x-axis yield higher profits. E. Isoprofit lines are upward sloping.