The marginal tax rates on the richest Americans when Ronald Reagan was elected and when he left office were
a. 28 percent and 50 percent, respectively.
b. 70 percent and 40 percent, respectively.
c. 40 percent and 70 percent, respectively.
d. 50 percent and 28 percent, respectively.
d
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The above figure shows the demand and cost curves for a firm in ________ in the ________
A) perfect competition; short run B) monopolistic competition; long run C) perfect competition; long run D) monopolistic competition; short run
If a "break" occurs in the population regression function, then
A) inference and forecasting are compromised when neglecting it. B) an Augmented Dickey Fuller test, rather than the Dickey Fuller test, should be used to test for stationarity. C) this suggests the presence of a deterministic trend in addition to a stochastic trend. D) forecasting, but not inference, is unaffected, if the break occurs during the first half of the sample period.