When using regression analysis for forecasting, the confidence interval indicates
A) the degree of confidence that one has in the equation's R2.
B) the range in which the value of the dependent variable is expected to lie with a given degree of probability.
C) the degree of confidence that one has in the regression coefficients.
D) the range in which the actual outcome of a forecast is going to lie.
B
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Citicorp charges an 11 percent interest rate on all new car loans. If the inflation rate is 6 percent, Citicorp receives a real interest rate of
A) 11 percent. B) 6 percent. C) 1.83 percent. D) 0.54 percent. E) 5 percent.
In long-run equilibrium, monopolistic competition entails:
A. an efficient allocation of resources. B. an overallocation of resources due to inadequate capacity. C. an underallocation of resources due to excess capacity. D. production at the minimum attainable average total cost.