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
Q4: Time series regression is based on series
Q13: The propensity δ0 + δ1+ … +
Q15: The model: Yt = Q17: If Q17: A seasonally adjusted series is one which: Q19: A stochastic process refers to a: Q23: Price indexes are necessary for turning a Q25: Dummy variables can be used to address Q26: The short-run elasticity measures the immediate percentage Q27: When a series has the same average
A)has
A)sequence of
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