To obtain real average hourly earnings, nominal average hourly earnings are multiplied by the CPI

Indicate whether the statement is true or false

FALSE

Economics

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When is it more expensive for a country to go to war – during a recession or during an economic boom? Explain

What will be an ideal response?

Economics

To decide whether Yi = ?0 + ?1X + ui or ln(Yi) = ?0 + ?1X + ui fits the data better, you cannot consult the regression R2 because

A) ln(Y) may be negative for 0

Economics