Kindly find the aggregate assumptions

points Economic growth: does not affect living standards at all. has a relatively small effect on living standards over long periods of time. has a relatively large effect on living standards over long periods of time. is the sole determinant of living standards over any time period. Award: 2.00 points Which of the following is a potential cost of long-run growth?(Marginal propensity to consume) In your intermediate macroeconomics course, you have learned the simple Keynesian consumption function: Ci = Bot BIVitui. (0.1) where C is the aggregate consumption, Y is national income, So is an autonomous consumption, and , is a marginal propensity to consume, the parameter of interest. (a) However, you observe income with error (Y, = Y, + w;, where Cov(Y, w;) = Cov(u;, w;) = 0). i. What is the regression model that you actually estimate? ii. Is the Bots estimated using the model from unbiased? Consistent? (b) The national account identity tells us that Y = C+I+G+ NX. (0.2) What problem do we have if we use Equation .1 directly to estimate B1?PL Which of the following statements correctly differentiates between positive and normative A. Positive economics is based on judgments, whereas normative economics is not. OB. Positive economics describes what people ought to do, whereas normative econon O C. Positive economics is descriptive, whereas normative economics is advisory. O D. Positive economics can only be applied to microeconomics, whereas normative eco