The ________ Component of a Time Series Reflects the Long-Run

question 144

Multiple Choice

The ________ component of a time series reflects the long-run decline or growth in a time series.

• A) trend
• B) seasonal
• C) cyclical
• D) irregular

---

Definitions:

Gross Income

The total amount of money made in one year by a person, household, or family unit. Also known as money income at the Census Bureau.

Disposable Income

The amount of money that households have available for spending and saving after income taxes have been accounted for.

Inflationary Economy

An inflationary economy is characterized by a sustained increase in the general price level of goods and services, leading to a decrease in the purchasing power of money.

Consumer Incomes

The total amount of money earned by consumers, influencing their spending power and purchasing behavior.