Micro
The two axes of a supply-demand graph
What is quantity and price?
Another name for the Federal Reserve
What is the Fed?
The college that contains the Economics department
What is the college of Arts and Sciences?
A subset of the population that is subject to analysis.
What is a sample?
300
What is a box plot?
The term for a unit of utility
What is a util?
The equation for GDP in a closed economy
What is Y = C + I + G?
The name of one Economics professor who isn't a man
Who is:
The null hypothesis
What is the claim of a lack of a relationship between the two variables?
600
What is an equilibrium?
What is P = MC?
A situation where the Federal Reserve would consider quantitative easing
What is deflation?
The professor who publishes the announcements for the Econ Club
Who is Professor Jon Davis?
The term for the amount of the variance in the dependent that can be explained by the independent variable
What is R^2?
900
What are wiskers?
A market where a single buyer is able to set the price among numerous sellers.
What is a monopsony?
The goal inflation rate set by the Federal Reserve
What is 2%?
The last name of the president of Econ Club
Who is Howton?
The equation for a simple regression
What is Yi = Beta0 + beta1*Xi + ui?
1200
What are perfect compliments?
A graph between two factors of production on which the costs of production remain the same
What is an isocost line?
The three types of unemployment
What are cyclical, structural, and frictional unemployment?
The year that the econ club was founded
When was 2014?
A situation where the variation of the error term is not constant over the x axis, a violation of the Gauss-Markov Theorem.
What is heteroskedacity?
1500
What are perfect substitutes?