ECON482 Midterm: ECON 482 UofA E482Midterm B112
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You have 50 minutes to do this exam. The number in brackets next to each question indicates the maximum number of marks that can be earned on that question. There are 100 marks in total (two marks per minute). No notes or other material (including all types of electronic devices) may be consulted during the exam. Answers can be in point form and should be brief and to the point. Suppose a policy maker believes that output is determined by a deterministic trend stochastic process, but output is actually determined by a stochastic trend. In your answer, be sure to briefly explain the meaning of deterministic trend and. 0
