Negative autocorrelation in the change of a variable implies that
A) the variable contains only negative values.
B) the series is not stable.
C) an increase in the variable in one period is, on average, associated with a decrease in the next.
D) the data is negatively trended.
Answer: C) an increase in the variable in one period is, on average, associated with a decrease in the next.
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(Last Word) A cap-and-trade program:
A. assigns a property right to the atmosphere. B. mandates that every firm individually cut its emissions to below a certain level. C. assigns a property right to polluting the atmosphere. D. is easy to establish and enforce.
An auto worker in Ohio who loses her job because the company relocated the plant to another country represents an example of
A. cyclical unemployment. B. structural unemployment. C. frictional unemployment. D. seasonal unemployment.