"Recession" refers to a period when real GDP in the economy:
A. declines for at least six months.
B. suffers due to political instability.
C. grows rapidly.
D. experiences a rise in living standards.
Answer: A
Economics
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Finite-sample distributions of the OLS estimator and t-statistics are complicated, unless
A) the regressors are all normally distributed. B) the regression errors are homoskedastic and normally distributed, conditional on X1,... Xn. C) the Gauss-Markov Theorem applies. D) the regressor is also endogenous.
Economics
For almost all goods, the:
A. lower the price goes, the higher the quantity demanded. B. higher the price goes, the more luxurious it is. C. lower the price goes, the higher demand is. D. higher the price goes, the higher the quantity demanded.
Economics