In a Regression with N = 100 Observations and K

question 96

Multiple Choice

In a regression with n = 100 observations and k = 5 predictors, the criterion for high leverage is:

• A)h_i ≥ .06
• B)h_i ≥ .12
• C)h_i ≥ .18
• D)h_i ≥ .24

Understand the concepts of short-run and long-run equilibriums in the aggregate demand-aggregate supply model.

Explain the mechanisms that move an economy from short-run to long-run equilibrium.

Identify and describe the characteristics of expansionary and recessionary gaps.

Analyze the effects of shifts in aggregate demand and aggregate supply on economic equilibrium.

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