Use the Table for the Question(s)below

question 53

Multiple Choice

Use the table for the question(s) below.
Consider the following returns:
-The Correlation between Stock X's and Stock Z's returns is closest to:

• A)0.71.
• B)0.60.
• C)0.62.
• D)0.05.

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Definitions:

European Recession

A period of temporary economic decline during which trade and industrial activity are reduced, specifically within European countries.

Net Exports

The difference between a country's total exports and total imports.

Aggregate Demand

The overall call for goods and services in an economic setting, quantified at an established aggregate price level during a specific time span.

Government Purchases

Government purchases include spending on goods and services by the government that is part of the nation's gross domestic product (GDP).