A static model is postulated when a change in the independent variable at time T is believed to have an effect on the dependent variable at perio a change in the independent variable at time is believed to have an effect on the dependent variable for all successve time periods Ca change in the independent variable at time is believed to have an immediate effect on the dependent variable dachange in the independent variable variable at time T does not have any effect on the dependent
A static model is postulated when a change in the independent variable at time T is believed to have an effect on the dependent variable at perio a change in the independent variable at time is believed to have an effect on the dependent variable for all successve time periods Ca change in the independent variable at time is believed to have an immediate effect on the dependent variable dachange in the independent variable variable at time T does not have any effect on the dependent
Chapter1: Introducing The Economic Way Of Thinking
Section1.A: Applying Graphics To Economics
Problem 6SQ
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