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True/False questions:*The Durbin-Watson (DW) statistic is used to detect first order-serial correlation.*Positive lag 1 residual autocorrelation is associated with DW values greater than 2.*Autocorrelation exists when successive observations over time are related to one another.
What are factors that shift supply curve for this good. How do you expect supply and demand of your selected good to change in next year. Relate your expectation to price and quantity.
What impact would you expect this increase in the gap in living standards between the richest and poorest to have on income elasticity today? Briefly discuss.
Brand X contains 20, 2 and 1 units of the minerals, while Brand Y contains 4, 1, 2 units of the minerals respectively. Brand X costs $18 per kg while Brand Y costs 6 per kg.
What is the difference between real and nominal GDP? Does GDP accurately reflect the nation’s welfare? Why or why not? How can a country’s GDP be manipulated? In your opinion, is the U.S. GDP being manipulated? Explain your answer.
The blue line circle symbols is a demand-for-money line and the orange line square symbols is a money supply line.
Describe why teenagers tend to accumulate low wages yet proportionally higher human capital than adult workers.
If the cross-price elasticity between two goods is 1.5, the goods are ____________.
Why is it important to know Elucidate how much output is being produced
Elucidate why these companies oppose laws allowing reimportation of drugs to the United States.
new york citys banking community served many of the functions of a central bank during large parts of the displaced
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
Should the SEC change their regulations of public corporations to require only annual reporting of operations? How might this impact stock price in the short term?
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