A consulting firm estimates the following quarterly sales forecasting model:Qt = a + bt +cDThe equation is estimated using quarterly data from 2005 I - 2015 III (t = 1,..., 43). The variable D is a dummy variable for the second quarter where: D = 1 in the second quarter, and 0 otherwise. The results of the estimation are: Given the above, what is the estimated intercept of the trend line in the third quarter?

A consumption tax system is likely to benefit

A) higher income individuals. B) an individual who, regardless of income, is a large consumer. C) corporations. D) lower income individuals.

The larger the marginal propensity to consume (MPC), the larger the percentage of disposable income that people consume rather than save, and the larger is the ultimate increase in real GDP from an initial increase in aggregate expenditure such as government spending

Indicate whether the statement is true or false