If V and M Are Constant and Y Doubles,the Quantity

question 35

Multiple Choice

If V and M are constant and Y doubles,the quantity equation implies that the price level

• A)falls to half its original level.
• B)does not change.
• C)doubles.
• D)more than doubles.

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Definitions:

Regression Coefficient

A coefficient in a regression equation that represents the degree of change in the dependent variable for a one-unit change in an independent variable.

Durbin-Watson Statistic

A test statistic used to detect the presence of autocorrelation in the residuals from a regression analysis.

Critical Values

Critical values are specific points on the scale of a statistical distribution that are used to determine the threshold at which the null hypothesis of a test can be rejected.

Positive Autocorrelation

Occurs when a variable's current value is positively related to its past values in a time series.