A data set that consists of observations on a variable or several variables over time is called a _____ data set.
A. binary
B. cross-sectional
C. time series
D. experimental
Answer: C
You might also like to view...
Economists consider the economy to be at "full employment" when there is no cyclical unemployment
Indicate whether the statement is true or false
If the government increased defense spending by $1 million and laid off enough Justice Department employees to decrease the Department of Justice budget by $1 million, which of the following is the likely net effect?
a. An increase in the budget deficit and transfer payments b. An increase in the budget deficit and net taxes c. An increase in the budget deficit and government spending d. No change in the budget deficit because there is no net change in government spending e. No change in the budget deficit because neither defense spending nor the Department of Justice is included in government spending
A market supply curve shows how the total quantity supplied of a good varies as
a. production technology varies. b. price varies. c. input prices vary. d. demand varies.
The measurement error is the difference between the actual value of a variable and its reported value.
Answer the following statement true (T) or false (F)