A seasonally adjusted series is one which:
A. has had seasonal factors added to it.
B. has seasonal factors removed from it.
C. has qualitative dependent variables representing different seasons.
D. has qualitative explanatory variables representing different seasons.
Answer: B
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Collusion is common in oligopoly and monopolistically competitive industries
Indicate whether the statement is true or false
Equilibrium occurs when the aggregate demand curve intersects the aggregate supply curve.
Answer the following statement true (T) or false (F)
The supporters of a monetary growth rule believe that active monetary policy
A) stabilizes the economy, decreasing the number of recessions and their severity. B) destabilizes the economy, increasing the number of recessions and their severity. C) cannot change the inflation rate. D) cannot change real GDP.
Refer to the information provided in Table 21.3 below to answer the question(s) that follow. Table 21.3
Refer to Table 21.3. The value for gross domestic product in billions of dollars is
A. 485. B. 680. C. 685. D. 710.