An economic variable's trend over time indicates:
A) a general tendency for an event to occur.
B) a steady movement in the variable.
C) an irregular pattern in the movement of an economic variable.
D) a fixed path along which the variable must move.
E) a periodic variation in an economic variable.

Question

Quizplus · Accepted Answer

A trend over time in an economic variable indicates a steady movement or direction in which the variable is moving, rather than a fixed path, irregular pattern, or periodic variation.

An Economic Variable's Trend Over Time Indicates