Which of the following is most likely to represent causality rather than association?
a. In years that fashion dictates wider lapels on men's jackets, the stock market grows by at least 5 percent.
b. Interest rates are higher in years ending with a 1 or a 6.
c. Unemployment falls when the AFC champion wins the Super Bowl.
d. Quantity demanded goes up when price falls because lower prices increase consumer purchasing power, ceteris paribus.
d
You might also like to view...
Which of the following methods of generating federal government revenue was first introduced during the Civil War?
a. the personal income tax b. inflationary finance c. import tariffs d. bond sales
If a nation wants to get the most out of its resources, each productive assignment should be carried out by those persons who
What will be an ideal response?
Refer to the information provided in Figure 6.1 below to answer the question(s) that follow.
Figure 6.1Refer to Figure 6.1. Assume Tom's budget constraint is AC. If the price of a hot dog is $3, the price of a hamburger is
A. $1.50. B. $3. C. $6. D. $12.
The identification problem in using regression analysis to estimate a demand curve emerges when
A. the demand for the product has been relatively stable over time. B. factors affecting the demand for the product are highly correlated. C. the supply of the product has been relatively unstable over time. D. the demand for the product has not been stable over time.