the consumption equation is specified as follows C=B1+B2 INCOME+B3 TAX+e Define the variable Disposable income, DINCOME =INCOME-TAX The test for the null hypothesis that disposable income is the only variable affecting consumption can be written Select one a. Ho: B3=-B2 O b. Ho B3=B2 O CHo: B2=-B3 c. Ho: d. Ho: B3+B2=-1

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the consumption equation is specified as follows
C=B1+B2 INCOME+B3 TAX+e
Define the variable Disposable income, DINCOME
=INCOME-TAX
The test for the null hypothesis that disposable income is the
only variable affecting consumption can be written
Select one
a. Ho: B3=-B2
O b. Ho B3=B2
O CHo: B2=-B3
c. Ho:
d. Ho: B3+B2=-1
Transcribed Image Text:the consumption equation is specified as follows C=B1+B2 INCOME+B3 TAX+e Define the variable Disposable income, DINCOME =INCOME-TAX The test for the null hypothesis that disposable income is the only variable affecting consumption can be written Select one a. Ho: B3=-B2 O b. Ho B3=B2 O CHo: B2=-B3 c. Ho: d. Ho: B3+B2=-1
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