The Cyclical Component of a Time Series

question 2

Multiple Choice

The cyclical component of a time series

• A) is obtained by adding up the seasonal indexes.
• B) represents periodic fluctuations which reoccur within 1 year.
• C) represents periodic fluctuations which usually occur in 2 or more years.
• D) is obtained by adjusting for calendar variation.

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Definitions:

Import Licensing

A government policy requiring businesses to obtain official permission before importing certain goods, often used to control the amount of goods entering a country.

European Works Council

A body representing European employees, established to provide information and consultation rights on transnational matters affecting workers in the European Union.

Collective Bargain

A method of discussion between employers and employee representatives aimed at achieving mutual agreements to govern work environments.

NAALC

The North American Agreement on Labor Cooperation, a supplement to the North American Free Trade Agreement (NAFTA) focusing on labor law enforcement.