Consider the following models estimated using regression analysis applied to
Consider the following models estimated using regression analysis applied to time-series data. What is the long-term effect of a 1-unit increase in x in period t?
a. yt = 10 + 2xt + 0.34yt-1
b. yt = 10 + 2.5xt + 0.24yt-1
c. yt = 10 + 2xt + 0.64yt-1
d. yt = 10 + 4.3xt + 0.34yt-1
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