The Fed ________ influence the real interest rate in the short run and ________ influence the real interest rate in the long run

The concept of externalities means that subsidizing education can be justified on the grounds that as a student becomes better educated, the student will

A) earn a higher income. B) enhance the lives of people around the student. C) make contributions to the student's alma mater. D) none of the above

Changing the units of measurement, e.g. measuring testscores in 100s, will do all of the following EXCEPT for changing the

A) residuals B) numerical value of the slope estimate C) interpretation of the effect that a change in X has on the change in Y D) numerical value of the intercept