The Cyclical Component of a Time Series

question 164

Multiple Choice

The cyclical component of a time series

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

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Definitions:

Receipts

Documents acknowledging that a transaction has taken place and that a payment has been made or received.

Marginal Tax Rate

The rate at which the last dollar of income is taxed, illustrating how much tax will be paid on an additional dollar of income.

Monetary Policies

Economic strategies, implemented by a central bank, that regulate the amount of money in circulation to control inflation, employment, and economic growth.

Federal Reserve Board

The governing body of the Federal Reserve System, responsible for overseeing the United States' central banking system and setting monetary policy.