Asmall wisconsin agency wants to buy a quarter-page ad in golf digest magazine for a travel
agency that specializes in preparing all-inclusive, hassle-free golf travel packages, the ad would cost
$300. how much money would the agency send the publication to pay for the ad?

a. $255
b. $285
c. $300
d. $315

Assume that the following conditions exist: a. all banks are fully loaned up- there are no excess reserves, and desired excess reserves are always zero. b. the money multiplier is 5 .     c. the planned investment schedule is such that at a 4 percent rate of interest, investment =$1450 billion. at 5 percent, investment is $1420 billion. d. the investment multiplier is 3 . e.. the initial equilibrium level of real gdp is $12 trillion. f. the equilibrium rate of interest is 4 percent now the fed engages in contractionary monetary policy. it sells $1 billion worth of bonds, which reduces the money supply, which in turn raises the market rate of interest by 1 percentage point. calculate the decrease in money supply after fed's sale of bonds: $nothing billion.

How does your household gain from specialization and comparative advantage? (what is produced, what is not produced yet paid to a specialist to produce? )

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.