Which of the Following Terms Describes the Overall Long-Term Tendency

question 21

Multiple Choice

Which of the following terms describes the overall long-term tendency of a time series?

• A)Trend
• B)Cyclical component
• C)Irregular component
• D)Seasonal component

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Definitions:

Fine-Tuning

The process of making minor adjustments to monetary and fiscal policy to stabilize the economy, aiming to maintain steady growth and low inflation.

Economic Stability

Economic stability refers to a condition where an economy experiences steady growth, low inflation, and minimal unemployment, thereby reducing uncertainty in economic planning.

Government Policies

A course or principle of action adopted or proposed by a government, political party, or ruling authority.

Stagflation

A situation in which the inflation rate is high, economic growth rate slows, and unemployment remains steadily high.