Refer to the following model. yt = 0 +
0st +
1st-1 +
2st-2 +
3st-3 + ut
0 +
1 +
2 +
3 represents:
A) the short-run change in y given a temporary increase in s.
B) the short-run change in y given a permanent increase in s.
C) the long-run change in y given a permanent increase in s.
D) the long-run change in y given a temporary increase in s.
Correct Answer:
Verified
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