In Most Nations,one or More Governing Bodies Must Approve Government

question 43

Multiple Choice

In most nations,one or more governing bodies must approve government spending or new tax policies.This causes a(n) ________ lag between setting fiscal policy and seeing its effects.

• A) recognition
• B) implementation
• C) impact
• D) countercyclical
• E) automatic

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Definitions:

F Distribution

A probability distribution used in analysis of variance (ANOVA), for comparing sample variances to determine if they come from populations with equal variances.

Degrees of Freedom

Degrees of Freedom are a statistical measure indicating the number of independent values or quantities that can vary in the analysis without breaking any constraints.

Area

A measure of the extent of a two-dimensional surface or shape, expressed in square units.

Student T Distribution

A probability distribution that is used in hypothesis testing for small sample sizes or when the population standard deviation is unknown.