Which of the following is an example of government spending?
a. A state government investing in electric vehicles for its employees
b. A state government importing twice as much oil this year than it did the previous year
c. A public sector firm increasing its expenditure on advertisement
d. A publicly traded firm selling one-third of its shares
a
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When we graph consumption as a function of ________ rather than as a function of disposable income, the slope of this consumption function is ________
A) national income; the MPS B) personal income; the MPS C) personal income; (MPC - MPS) D) national income; the MPC
A VAR allows you to test joint hypothesis that involve restrictions across multiple equations by
A) computing a z-statistic. B) computing the BIC but not the AIC. C) using a stability test. D) computing an F-statistic.