Which of the following is most likely to influence a household’s level of consumption?
a. total investment spending
b. government spending
c. amount of disposable income
d. ratio of exports to imports
c. amount of disposable income
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If Techland's government reduces tax rates, ________
A) the economy's labor demand curve will shift to the left B) the economy's labor supply curve will shift to the left C) the economy's aggregate supply curve will shift to the left D) the economy's labor demand curve will shift to the right
When it takes time for the president and Congress to change fiscal policy to act on economic data, we have a(n)
A) aggregate time lag. B) action time lag. C) recognition time lag. D) effect time lag.
A network externality exists
a. in the television industry b. outside the television industry c. whenever an increase in the size of a network increases its value to current and potential members d. whenever an increase in the size of a network increases its average total cost of production e. whenever an increase in the size of a network increases its total cost of production
The constants of econometric models are referred to as _____.?
A. ?parameters B. ?statistics C. ?error terms D. ?hypotheses