Most Spells of Unemployment Are

question 43

Multiple Choice

Most spells of unemployment are

• A)long, and most unemployment observed at any given time is long term.
• B)long, but most unemployment observed at any given time is short term.
• C)short, but most unemployment observed at any given time is long term.
• D)short, and most unemployment observed at any given time is short term.

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Definitions:

Model Significant

An indication that the model's predictions significantly differ from what would be expected by chance.

Correlation Coefficient

A numerical measure of the strength and direction of a linear relationship between two variables.

Linear Relationship

A direct correlation between two variables that can be represented with a straight line in a graph.

Coefficient Of Determination

A statistical measure represented by R² that assesses the proportion of variance in the dependent variable predictable from the independent variables.