The Development of a New Cost-Saving Technology Would Increase

question 24

Multiple Choice

The development of a new cost-saving technology would increase

• A) autonomous consumption spending and,thus,shift the ADI curve to the right.
• B) autonomous consumption spending and,thus,shift the ADI curve to the left.
• C) autonomous investment spending and,thus,shift the ADI curve to the right.
• D) autonomous investment spending and,thus,shift the ADI curve to the left.
• E) net exports and government purchases and,thus,shift the ADI curve to the right.

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Definitions:

Multiple Linear Regression

A statistical technique that models the relationship between a dependent variable and two or more independent variables by fitting a linear equation to observed data.

Partial Regression Slope Coefficients

Quantitative measures in multiple regression models that represent the rate of change in the dependent variable for one-unit change in the predictor variable, holding other variables constant.

Coefficient of Multiple Determination

A statistical measure that represents the proportion of variance in a dependent variable that can be predicted from multiple independent variables.

Regression Sum of Squares

A measure of the variability explained by the regression model, calculated as the sum of the squared differences between the predicted values and the mean of the dependent variable.