The fact that prices for similar goods differ across nations complicates comparisons of real GDP across countries
Indicate whether the statement is true or false
TRUE
Economics
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In a simple model of the economy, if the MPC is 0.8, the multiplier will equal
A) 0.2 B) 0.8 C) 1.25 D) 5
Economics
"Heteroskedasticity typically occurs in cross-sections, while serial correlation is typically observed in time-series data." Discuss and critically evaluate this statement
What will be an ideal response?
Economics