If the t statistic for the presence of a unit root in a variable is ?7.22 and the 5% critical value is ?2.86, there is strong evidence against a unit root in the variable.
Answer the following statement true (T) or false (F)
True
Rationale: FEEDBACK: Since the absolute value of the t statistic for the presence of a unit root in a variable is greater than the absolute critical value, there is strong evidence against a unit root in the variable.
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A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
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A) the goods and services that the economists working for the BLS believes consumers should buy. B) the U.S.-produced goods and services purchased by an average urban household. C) the minimal dietary requirements of an average urban household. D) the goods and services purchased by an average urban household. E) the ideal calorie intake of each member of an average urban household.
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Indicate whether the statement is true or false