Cab drivers operating from JFK Airport to the City of New York legally must charge a specific fare. This is an example of
A) social regulation.
B) economic regulation.
C) the market share test.
D) the rate of return test.
B
Economics
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If the public believes the commitment to a nominal anchor to be credible, the effect of a positive aggregate demand shock is for ________
A) short-run aggregate supply to shift up B) short-run aggregate supply to be unaffected C) short-run aggregate supply to shift down D) inflation, but not economic activity, to increase
Economics
In order to make reliable forecasts with time series data, all of the following conditions are needed with the exception of
A) coefficients having been estimated precisely. B) the regression having high explanatory power. C) the regression being stable. D) the presence of omitted variable bias.
Economics