In a multiple regression framework, the slope coefficient on the regressor X2i
A) takes into account the scale of the error term.
B) is measured in the units of Yi divided by units of X2i.
C) is usually positive.
D) is larger than the coefficient on X1i.
Answer: B
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In the above table, if the market is perfectly competitive and unregulated, at the equilibrium level of output, the marginal social benefit per unit is
A) zero. B) $20 per unit. C) $50 per unit. D) $70 per unit.
Many states have no state-level personal income tax. How do you think that effects expenditure decisions?
What will be an ideal response?
Which of the following is not true about a change in the price level? a. It will shift the aggregate demand curve
b. It will shift the aggregate expenditure curve. c. It will result in a new value of equilibrium real GDP demanded. d. It will change the real value of dollar-denominated assets. e. It will shift the consumption function.
The production possibilities frontier for a country is usually drawn
a. as a straight line, sloping downward. b. as a straight line, sloping upward. c. bowed outward from the origin. d. bowed inward toward the origin. e. as a dotted line when sloping downward and as a full line when sloping upward.