13.11 Consider the following models estimated using regression analysis applied to time-series data. What is the long-term

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13.11 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 = 15 + 4xt + 0.28yt-1

b. yt = 15 + 4.8xt + 0.14yt-1

c. yt = 15 + 4xt + 0.72yt-1

d. yt = 15 + 6.4xt + 0.28yt-1

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