The difference in land prices between Washington, D.C., and Tulsa, Oklahoma, is an example of a permanent resource price differential

When forecasting interest rates and the direction of monetary policy, economists often examine the

A) Federal Deposit Insurance Corporation Report. B) Economic Report of the President. C) Federal Advisory Council Statement. D) Federal Open Market Committee directive.

When there are ∞ degrees of freedom, the t∞ distribution

A) can no longer be calculated. B) equals the standard normal distribution. C) has a bell shape similar to that of the normal distribution, but with "fatter" tails. D) equals the distribution.