The estimator obtained through regression on quasi-demeaned data is called the _____.
A. random effects estimator
B. fixed effects estimator
C. hetroskedasticity-robust OLS estimator
D. instrumental variables estimator
Answer: A
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The above table gives techniques that Fatz confectionery can use to produce 2,000 pounds of candy
If the cost of capital is $20 per unit and the cost of labor is $40 per unit, the economically efficient technique for producing 2000 pounds of candy is A) A. B) B. C) C. D) D.
The graph shown demonstrates a tax on buyers. Once the tax has been imposed, the sellers produce ____ units and receive _____ for each one sold
A. 6; $22
B. 6; $34
C. 9; $18
D. 9; $30
A positive temporary supply side shock will:
A. increase the level of potential output in the long run. B. decrease the price level in the long run. C. increase the price level in the long run. D. have no effect in the long run.
Mainstream economists question the new classical assumption that:
A. excessive growth of the money supply is a cause of inflation. B. the price level is determined by aggregate demand and aggregate supply. C. demand creates its own supply. D. wages and prices are equally flexible upward and downward.