If you gave your friend a gift of a corporate bond, such as a $100 General Motors bond, your friend would have a gift of
a. M1 money
b. M2 and fiat money
c. specie
d. near money
e. not money
D
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Before the 1970's, the immigrant population in the U.S.:
A. Was more likely to receive public assistance than people born in the United States B. Was less likely to receive public assistance than people born in the United States C. Was just as likely to receive public assistance as people born in the United States D. Did not qualify for public assistance
The extended least squares assumptions are of interest, because
A) they will often hold in practice. B) if they hold, then OLS is consistent. C) they allow you to study additional theoretical properties of OLS. D) if they hold, we can no longer calculate confidence intervals.
A general rule is that the economy is experiencing a recession when:
a. real GDP declines for at least six months. b. real GDP declines for at least three months. c. real GDP declines for at least nine months. d. nominal GDP declines for at least nine months.
Economic growth is represented by a:
A. leftward shift of a production possibilities curve. B. rightward shift of the long-run aggregate supply curve (LRAS). C. horizontal long-run aggregate supply curve (LRAS). D. downward shift of an aggregate production function.