A large "T-statistic" tell us that
A) a tiny change in the independent variable will cause a relatively large change in the dependent variable.
B) we do not have enough data to obtain an accurate regression line.
C) we can be confident that our estimated coefficient is not zero.
D) we should have included more "lags" in our model.
E) we have incorrectly switched the dependent and independent variables in our model.
C
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When did the Fed first begin to use open market operations as a policy tool?
A) the 1920s B) the 1930s C) the 1960s D) the 1980s
Which of the following is not included in GDP?
a. the fees for legal services rendered by your attorney b. the replacement of brake pads on your six-year-old vehicle c. cash income paid to a day laborer that is not reported to the tax authorities d. the payments for a chiropractor's services