Which of the Following Monthly Data Series Is Closely Observed

question 66

Multiple Choice

Which of the following monthly data series is closely observed by the Business Cycle Dating Committee of the NBER?

• A) Real personal income less transfer payments
• B) Wholesale prices of goods
• C) Real GDP
• D) Total unemployment
• E) Real interest rates

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Definitions:

Strong Association

A term indicating a high level of correlation between two variables, suggesting that changes in one are closely linked to changes in the other.

Nonlinear

Referring to a relationship or equation that does not form a straight line when graphed, often indicating a more complex relationship between variables.

Negative

In mathematics, a negative number is a real number that is less than zero.

Strong

describes a high degree of intensity, validity, or force.