Which of the Following Is a Correlation That Could Be

question 28

Multiple Choice

Which of the following is a correlation that could be examined in both longitudinal designs and simple bivariate designs?

• A)Autocorrelation
• B)Cross-sectional correlation
• C)Cross-lag correlation
• D)Sequential correlation

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Definitions:

Short Run

A period in economics during which some factors of production are fixed, limiting the ability of the economy or a firm to adjust to changes.

Real GDP

The market value of all final goods and services produced within a country in a given period, adjusted for inflation.

Recessions

Phases of momentary economic slump that lead to a reduction in trading and industrial activities, frequently identified by declining GDP in two successive quarters.

Aggregate Demand

The total demand for all goods and services in an economy at a given general price level and in a given time period.