To make predictions of logarithmic dependent variables, they first have to be converted to their level forms.
Answer the following statement true (T) or false (F)
False
Rationale: FEEDBACK: It is possible to make predictions of dependent variables when they are in their logarithmic form. It is not necessary to convert them into their level forms.
You might also like to view...
Between 1960 and 2011,
A) the male labor force participation rate decreased rapidly, the female labor force participation rate decreased slowly, and the two rates are now equal. B) the male labor force participation rate decreased and the female labor force participation rate increased. C) both the male and female labor force participation rates increased. D) both the male and female labor force participation rates decreased slowly. E) the male labor force participation rate did not change and the female labor force participation rate increased.
In the above figure, suppose the demand for dollars permanently decreases to D2. To maintain the target, the Fed
A) can buy dollars. B) can sell dollars. C) must decrease the nation's net exports. D) cannot permanently maintain the exchange rate target of 150 yen per dollar.