The First Difference of the Logarithm Of $Y _ { t }$

question 12

Multiple Choice

The first difference of the logarithm of $Y _ { t }$ equals

• A) the first difference of Y .
• B) the difference between the lead and the lag of Y .
• C) approximately the growth rate of Y when the growth rate is small.
• D) the growth rate of Y exactly.

---

Definitions:

Fad

A trend or craze that becomes very popular for a short time before quickly fading in interest or value.

Staying Power

The ability of someone or something to remain popular, relevant, or strong over a long period, often in the face of challenges or competition.

Well-Being And Happiness

A state of overall health, happiness, and life satisfaction.

Personality Trait

A durable disposition to behave in a particular way in a variety of situations.