Which of the following statements is true?
A. A model shows the estimated parameters of the explanatory variables.
B. A model represents a population relationship.
C. In an empirical paper, the estimation methods should be discussed before specifying a model.
D. The methods for estimating a model are same as the model itself.
Answer: B
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All of the following will shift the short-run aggregate supply (SRAS) curve EXCEPT
A) a change in the price of labor. B) technological progress. C) a change in the price of a needed raw material. D) a change in the price level.
White-collar jobs guarantee financial security
Indicate whether the statement is true or false
If something is to be considered as money, it has to fulfill
A. all three functions B. all four functions
Credit cards are NOT a part of the M1 or M2 money supply.
Answer the following statement true (T) or false (F)