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Phillip is a 22-year old who has no job and is available for work,but has not actively looked for a job in the last month.The Current Population Survey identifies Phillip as ________,________ the labor force,and ________ the working-age population.
Serial Correlation
The relationship between a data series and a lagged version of itself over consecutive time intervals.
Mutual Funds
Investment schemes that are financed by investors, trade in a variety of holdings, and are overseen by professional managers.
Jensen Measure
A performance metric used to evaluate the excess return of an investment portfolio over the predicted return of a risk-adjusted model.
Market Portfolio
A theoretical bundle of investments that includes every type of asset available in the market, with each asset weighted by its total market value.
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