In regression analysis, the dependent variable
A) is always quantity demanded.
B) is the variable whose variation is to be explained.
C) is one of the factors that explains what is happening with demand.
D) is represented by the inverse demand function.
B
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Which of the following statements is true?
A) An excess demand for credit exerts an upward pressure on the real rate of interest. B) At rates of interest below the equilibrium rate, there is an excess supply of credit. C) An excess supply of credit exerts an upward pressure on the real rate of interest. D) At rates of interest above the equilibrium rate, there is an excess demand for credit.
A ________ traces out the behavior of the economy over time
A) dynamic equilibrium B) static equilibrium C) steady-state equilibrium D) comparative equilibrium