Autonomous consumption spending is consumption spending:
a. that is dependent on changes in disposable income.
b. on durable goods.
c. that causes the MPC to rise.
d. that is independent of the level of disposable income.
e. that causes the MPC to fall.
d
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Suppose a market with a Cournot structure has five firms and a market price elasticity of demand equal to -2. What is a Cournot firm's Lerner Index?
A) .1 B) .2 C) .5 D) 1
The components of internal validity are
A) a large sample, and BLUE property of the estimator. B) a regression R2 above 0.75 and serially uncorrelated errors. C) unbiasedness and consistency of the estimator, and desired significance level of hypothesis testing. D) nonstochastic explanatory variables, and prediction intervals close to the sample mean.
Some low-income countries lack the economic and legal stability needed to provide a fertile climate for domestic economic growth and to attract foreign investment needed to improve the standard of:
a. living. b. care. c. business. d. conduct.
Over the period 1900-2014, Brazil's rate of economic growth exceeded that of China
a. True b. False Indicate whether the statement is true or false