Which of the Four Time-Series Components Is Most Likely to Exhibit

question 105

Multiple Choice

Which of the four time-series components is most likely to exhibit the changes in a stock market crash?

• A)Trend.
• B)Cyclical.
• C)Seasonal.
• D)Random variation.

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Definitions:

Equitable

Characterized by fairness and impartiality; the fair distribution of resources and opportunities.

Efficient

Describes a process that achieves its goals with the least waste of time and effort.

Lump-Sum Tax

A tax that is the same amount for every person.

Deadweight Loss

A cost to society created by market inefficiency, which occurs when supply and demand are out of equilibrium.