If the multiplier is 10, then the marginal propensity to consume (MPC) is

If Xit is correlated with Xis for different values of s and t, then

A) Xit is said to be autocorrelated B) the OLS estimator cannot be computed C) statistical inference cannot proceed in a standard way even if clustered standard errors are used D) this is not of practical importance since these correlations are typically weak in applications

A decrease in the price of a firm's output will shift the firm's demand curve for labor to the right, other things being equal

a. True b. False Indicate whether the statement is true or false