If the Correlation Between GDP and Y Is -0

question 16

Multiple Choice

If the correlation between GDP and y is -0.75,we say y is

• A) procyclical.
• B) acyclical.
• C) positively correlated.
• D) countercyclical.
• E) persistent.

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Definitions:

Confidence Interval

A series of values, based on sample statistics, presumed to include the unknown value of a population parameter.

Population Parameter

A characteristic or measure that describes an aspect of an entire population, such as a population mean or variance.

Confidence Interval

A range of values, derived from sample statistics, that are believed to contain the value of an unknown population parameter at a certain confidence level.

Sample Size

The number of observations or replicates included in a statistical sample.