The following simple model is used to determine the annual savings of an individual on the basis of his annual income and education. Savings = β0 + 
0 Edu + β1Inc + u
The variable 'Edu' takes a value of 1 if the person is educated and the variable 'Inc' measures the income of the individual.
Refer to the above model. If 
0 > 0, _____.
Definitions:
Government Interference
Involvement by government in market operations, which can range from regulations and taxes to direct control and ownership of services.
Full Employment GDP
The output level of goods and services in an economy when all available labor resources are being used in the most economically efficient way.
Equilibrium GDP
The gross domestic product level where aggregate supply equals aggregate demand, indicating a stable economy.
Inflationary Gap
A situation where aggregate demand in an economy exceeds aggregate supply, leading to inflation and a higher levels of spending than what is supported by production.
Q5: If Cov(z,x) ≠ 0, then z and
Q9: Which of the following rules out perfect
Q11: For panel data, it is best if
Q11: Which of the following is true of
Q11: Among the following, what is likely to
Q16: The following simple model is used to
Q17: Find the degrees of freedom in a
Q25: What should be the degrees of freedom
Q43: _ are the strongly held and taken-for-granted
Q60: _ are approaches that an organization that