CBE Exam questions and answers graded A+

CBE Exam capital expenditures= gross investment-net lending - correct answer formula to calculate household capital expenditures people living in institutions and members of the armed forces - correct answer who is excluded from the bureau of labor statistics household survey for employment by weight - correct answer how does the bureau of labor statistics measure the price of goods in the short run when inflation is unanticipated - correct answer when can policymakers lower unemployment beyond its natural rate using the expectations-augmented phillips curve %change in output-%change in hours - correct answer how to calculate the %change in labor productivity real shocks that affect the production function, the size of the labor force, the real quantity of government purchases, and the spending and saving decisions of consumers - correct answer according to the real business cycle theory what are the primary causes of the business cycle calculate the mean of the population and the mean of the sample and subtract the two values - correct answer how to calculate the sampling error of the mean short run impact divided by (1-the coefficient on the lagged dependent variable) - correct answer how to calculate the long-run impact if you know the short-run impact use robust regression estimations - correct answer how to mitigate the presence of influential data points multicollinearity is likely to exist - correct answer what does it mean if the global test for statistical significance does not agree with the individual tests there are a large number of smaller firms since economies of scale are not significant - correct answer what is true when MES occurs at a small level of output the value of current utility compared to future utility - correct answer what is the inter-temporal discount rate upward sloping marginal cost curve - correct answer what does diminishing marginal productivity lead to square the market shares of all firms and then add them - correct answer how to compute the Hirschmann-Herfindahl Index