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Author Question: When we estimate a regression to determine the relationship between changes in consumption and ... (Read 50 times)

Lobcity

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on: Jun 30, 2018
When we estimate a regression to determine the relationship between changes in consumption and changes in current income, we find that
 
  A) there are no residuals.
  B) the R2 is zero.
  C) the MPC is larger than one.
  D) all of the above
  E) none of the above

Question 2

Ordinary least squares is a technique that can be used to
 
  A) identify the best model.
  B) determine which variables in a model are endogenous and which are exogenous.
  C) obtain a bar graph showing successive quarterly increases in output.
  D) obtain a line describing consumption behavior in the real world.
  E) determine the direction of causation between consumption and income.


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stallen

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

D


Lobcity

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

raenoj

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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