A VAR allows you to test joint hypothesis that involve restrictions across multiple equations by
A) computing a z-statistic.
B) computing the BIC but not the AIC.
C) using a stability test.
D) computing an F-statistic.
Answer: D
Economics
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Implicit costs are
A) costs that are measured in dollars. B) costs that do not involve an exchange of money. C) costs that typically involve the exchange of money. D) the same as explicit costs.
Economics
Which of the follow is not a property of the aggregate demand curve?
A. It shows the relationship between the overall price level and the level of total demand. B. The aggregate demand curve slopes downward. C. It shows the relationship between the overall price level and level consumption. D. It shows the price level on the vertical axis and output on the horizontal axis.
Economics