High (but not perfect) correlation between two or more independent variables is called _____.
A. heteroskedasticty
B. homoskedasticty
C. multicollinearity
D. micronumerosity
Answer: C
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The quantity theory of money predicts how changes in
A) the price level affect nominal GDP. B) the price level affect real GDP. C) the quantity of money affect the price level. D) real GDP affect the nominal GDP.
Which of these is an example of a negative network externality?
A) Bandwagon effect B) Pollution C) Snob effect D) Two-part tariff
The assumption of rational self-interest does not rule out the possibility of concern for other individuals
a. True b. False
An increase in fiscal deficit spending financed by borrowing will not affect the national debt but decrease interest rates
a. True b. False Indicate whether the statement is true or false