Time series data should be stored:
A. with the earliest time period listed as the first observation, and the most recent time period as the last observation.
B. with the earliest time period listed as the last observation, and the most recent time period as the first observation.
C. with the time period in which the concerned variable takes the highest value listed as the first observation, and the time period in which the concerned variable takes the lowest value as the last observation.
D. with the time period in which the concerned variable takes the lowest value listed as the first observation, and the time period in which the concerned variable takes the highest value as the last observation.
Answer: A
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Why does the short-run aggregate supply curve shift to the right in the long run, following a decrease in aggregate demand?
A) Workers and firms adjust their expectations of wages and prices upward and they push for higher wages and prices. B) Workers and firms adjust their expectations of wages and prices upward and they accept lower wages and prices. C) Workers and firms adjust their expectations of wages and prices downward and they accept lower wages and prices. D) Workers and firms adjust their expectations of wages and prices downward and they push for higher wages and prices.
Which of the following individuals is a supplier of loanable funds in the economy?
a. Sam, a software developer, who uses his saving to buy a share of his company every three months b. Joe, a cab driver, who keeps his income as cash inside a locker in his house c. Lina, a hair stylist, who spends her income to buy new cosmetics for her parlor d. Moe, a farmer, who spends his income to buy food for homeless people