In the estimation of demand, the "identification problem" refers to
A) the problem of selecting the proper level of significance.
B) the problem of deciding whether to use time series or cross-sectional data.
C) the problem of separating out the effects of price on the quantity demanded when supply cannot be held constant.
D) the problem of having insufficient variation in prices.
C
Economics
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If the CPI basket costs $35 in the base period but costs $42, what is the CPI in the next period?
A) 83.3 B) $42 C) 20 percent D) 120
Economics
Which policy measure increases the punishment for white-collar crime and obstruction of official investigations?
A) Sarbanes-Oxley Act of 2002 B) Global Legal Settlement of 2002 C) Gramm-Leach-Bliley Act of 1999 D) Riegle-Neal Act of 1994
Economics