Which of the Following Statements Is NOT True

question 111

Multiple Choice

Which of the following statements is NOT true?

• A) Unemployment in the US economy represents an excess demand for labor.
• B) A surplus may be reduced by shifting the demand curve rightward.
• C) A surplus may be reduced by shifting both the supply and demand curves.
• D) A shortage may be reduced by shifting the supply rightward.

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Definitions:

Mean

The arithmetic average of a set of numbers, calculated by adding them all together and dividing by the count of these numbers.

Right-Skewed

Describes a distribution of data where the tail on the right side of the distribution is longer or fatter than the left side, indicating that the mean is greater than the median.

Standard Deviation

The square root of the variance, measuring the dispersion of a dataset relative to its mean.

Mean

The mathematical calculation where you add all the numbers in a set and divide by the number of elements to find the average.