Question
In the Classical model, if there is an increase in
aggregate demand, what will be the long-run effect on output and prices?ÂSolution
 In this case, AS is vertical and AD is downward sloping, hence if AD shifts right, at new equilibrium there is increase in price and no change in output.
___________ refers to the degree of correlation of the same variables between two successive time intervals
Let X and Y be two related variables. The two regression lines are given by x-y+1=0 and 2x-y+4=0. The two regression lines pass through the point:
When we say that the estimator is BLUE. What does best signify here?
If bxy = 0.20 and rxy = 0.50, then byx is equal to:
Which of all the following is not an assumption of Marshall Consumer Theory of Demand?
Umar has the utility function U(b,w) = min (b,w) and Akshat has the utility function U(b,w) = bw. If we draw an Edgeworth box with b on the ho...
 The sum of squared deviation is minimum when taken from
For a positively sloped LM curve, which of the following statements is CORRECT?
Autocorrelated errors is about
