In a Situation Where the Dependent Variable Can Assume Only

question 54

Multiple Choice

In a situation where the dependent variable can assume only one of the two possible discrete values,

• A) we must use multiple regression.
• B) there can only be two independent variables.
• C) logistic regression should be applied.
• D) all the independent variables must have values of either zero or one.

---

Definitions:

1929

Refers to the year marked by the stock market crash in October, which contributed to the onset of the Great Depression.

Stagflation

An economic condition characterized by slow economic growth, high unemployment, and rising prices.

Full Employment

A state in an economy where all eligible workers who want to work at current wage rates can find employment, with no involuntary unemployment.

Recessions

Economic periods of decline characterized by falling GDP and increasing unemployment, often leading to reduced consumer spending and investment.