Sulfur dioxide in the air is_____ than its 1975 level.
A. 84% less
B. 40% more
C. 8% less
D. 8% more
Answer: A
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The real wage rate is $35 an hour. At this wage rate there are 100 billion labor hours supplied and 200 billion labor hours demanded. There is a
A) shortage of 300 billion hours of labor. B) shortage of 100 billion hours of labor. C) surplus of 100 billion hours of labor. D) surplus of 300 billion hours of labor. E) shortage of 200 billion hours of labor.
You have collected time series for various macroeconomic variables to test if there is a single cointegrating relationship among multiple variables. Formulate the null hypothesis and compare the EG–ADF statistic to its critical value
(a) Canadian unemployment rate, Canadian Inflation Rate, United States unemployment rate, United States inflation rate; t = (-3.374). (b) Approval of United States presidents (Gallup poll), cyclical unemployment rate, inflation rate, Michigan Index of Consumer Sentiment; t = (-3.837). (c) The log of real GDP, log of real government expenditures, log of real money supply (M2); t = (-2.23). (d) Briefly explain how you could potentially improve on VAR(p) forecasts by using a cointegrating vector. What will be an ideal response?
If at the profit-maximizing level of output, a typical perfectly competitive firm's price is greater than its average total cost, the firm should increase output
a. True b. False Indicate whether the statement is true or false
Sally leaves her $24,000 secretarial position with a company and invests her savings of $15,000 (on which she was earning 6 percent interest) in her own Ready Sec agency. After expenses, her net income was $28,900 . Her economic profit was
a. $4,900. b. $4,000. c. $28,900. d. ?$10,100.