The interpretation of the slope coefficient in the model in (Y) = Po +P₁n (Xi) +μ; is as follows: OA. a 1% change in X is associated with a change in Y of 0.01 B₁. OB. a change in X by one unit is associated with a 100 ₁ % change in Y. OC. a change in X by one unit is associated with a B₁ change in Y. OD. a 100% change in X is associated with a 100 ₁ % change in Y.

The interpretation of the slope coefficient in the model in (Y) = Po +P₁n (Xi) +μ; is as follows: OA. a 1% change in X is associated with a change in Y of 0.01 B₁. OB. a change in X by one unit is associated with a 100 ₁ % change in Y. OC. a change in X by one unit is associated with a B₁ change in Y. OD. a 100% change in X is associated with a 100 ₁ % change in Y.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter1: Introducing The Economic Way Of Thinking

Section1.A: Applying Graphics To Economics

Problem 1SQ

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