The only difference between a one- and two-sided hypothesis test is
A) the null hypothesis.
B) dependent on the sample size n.
C) the sign of the slope coefficient.
D) how you interpret the t-statistic.
Answer: D
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What is the cumulative effect of a simultaneous increase in area income of 5 percent and a 10 percent increase in prices at Urban General?
a. Quantity demanded at Urban General falls by 4 percent. b. Quantity demanded at Urban General rises by 4 percent. c. Quantity demanded at Urban General rises by 1 percent. d. Quantity demanded at Urban General falls by 1 percent. e. Quantity demanded at Urban General does not change.
Collusion is:
A. buyers acting in unison against a company in efforts to change its practices. B. the act of firms undercutting one another in competition until zero profits are earned. C. the act of firms working together to make decisions about price and quantity. D. None of these statements is true.
If there is initially a federal budget deficit, and taxes rise, while transfer payments fall:
a. AD increases and the budget deficit increases. b. AD increases and the budget deficit decreases. c. AD decreases and the budget deficit increases. d. AD decreases and the budget deficit decreases.
Inflation can be caused by
a. increases in aggregate demand only b. increases in aggregate supply only c. decreases in aggregate supply only d. increases in aggregate supply or decreases in aggregate demand e. increases in aggregate demand or decreases in aggregate supply