variabmic theory postulates a negative or a positivere it involves c. Economic t

Question

variabmic theory postulates a negative or a positivere it involves c. Economic theory specifies the list of expl d. Economic theory can provide measu e. All statements are TRUE a. Economic theory specifies the list of explanatory) relationship. s nositor economic (phenomenon) relationship. it involves, vide a numerical measure of the relationship between Economion explaining fies the list of explanatory variables on the right side f the variables it involves. 12. Which of the following statements is FALSE about econoarinbles on t mic theory? an equation explaining an economie (ohenoinenpong relationship is pos cory postulates whether the underlying relationship is positive or kes statement or hypothesis that are mostly qualitative in negative nature. d. Economic theory can provid the underlying variables. e a numerical measure of the relationship between e. All statements are TRUE Which of the following statements is TRUE about econometric 13. coometric theory specifies the list of explanatory variables on the right side of an equation explaining an economic (phenomenon) relationship. conometric theory uses data collected by statisticians to test the empirical validity of economic theory b. E conometric theory describes an economic relationship in mathematical form and cannot explain the underlying relationship is estimated. c. E conometric theory is primarily concerned with empirical verification or refutation of the relationship constructed by economic theory. All statements are TRUE b and d statements are TRUE e. f. You are given the following money demand function: In(M / P).-.plnY, +yRl+ut 14. Which of the following statements is TRUE about money demand function? and measure income and interest elasticities, respectively. while measures income elasticity of money demand, measures semi- interest elasticity. Money demand theory postulate that 00; >0 and

Explanation / Answer

12. Option c. It can be both qualitative and quantitative
13. Option f
14. Option e
15. Option e. Since the it has both explained and error term

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