Asymptotic distribution theory is
A) not practically relevant, because we never have an infinite number of observations.
B) only of theoretical interest.
C) of interest because it tells you what the distribution approximately looks like in small samples.
D) the distribution of statistics when the sample size is very large.
Answer: D
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The IS curve has a positive slope because a(n) __________ in the interest rate leads to a(n) __________ in desired investment and this leads to a decrease in GDP
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Refer to the information provided in Figure 10.1 below to answer the question(s) that follow. 
Figure 10.1 Refer to Figure 10.1. This firm is currently hiring 15 workers and paying a wage of $10. This firm should
A. increase employment to 17 workers to increase profits. B. do nothing because it is maximizing profits. C. reduce employment to 14 workers to increase profits. D. reduce employment to 15 workers to increase profits.