The Effect of an Unpredictable,rare Event Will Be Contained in Which

question 157

Multiple Choice

The effect of an unpredictable,rare event will be contained in which component of the time series?

• A)Long-term trend
• B)Cyclical variation
• C)Seasonal variation
• D)Random Variation

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Definitions:

Dual Labor Market

An economic theory which suggests that the labor market is divided into two segments: the primary (high wage, stable jobs) and the secondary (low wage, high turnover jobs).

Primary Market

The financial market for new securities issues, where companies sell new stocks and bonds to the public for the first time.

Secondary Market

A marketplace where investors buy and sell securities or assets from other investors, rather than from issuing companies.

Minimum Wage Law

Legislation that sets the lowest hourly wage rate that employers can legally pay their workers.