Money
a. is more efficient than barter.
b. makes trades easier.
c. allows greater specialization.
d. All of the above are correct.
d
Economics
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Which of the following is the most likely cause of most recessions according to the Keynesian model?
a. a fall in productivity. b. an increase in taxation and government spending. c. a fall in expected profits. d. a rise in the price of oil. e. a fall in the money supply.
Economics
To choose the number of lags in either an autoregression or in a time series regression model with multiple predictors, you can use any of the following test statistics with the exception of the
A) F-statistic. B) Akaike Information Criterion. C) Bayes Information Criterion. D) Augmented Dickey-Fuller test.
Economics