If Inflation in New Zealand Suddenly Increased While U

question 56

Multiple Choice

If inflation in New Zealand suddenly increased while U.S. inflation stayed the same, there would be:​

• A) ​an inward shift in the demand schedule for NZ$ and an outward shift in the supply schedule for NZ$.
• B) ​an outward shift in the demand schedule for NZ$ and an inward shift in the supply schedule for NZ$.
• C) ​an outward shift in the demand schedule for NZ$ and an outward shift in the supply schedule for NZ$.
• D) ​an inward shift in the demand schedule for NZ$ and an inward shift in the supply schedule for NZ$.

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Definitions:

Mean

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

Confidence Interval

A gambit of values, sourced from sampling data, that probably captures the value of a concealed population parameter.

Mean Score

The average value obtained by dividing the sum of all scores by the number of scores.

Aptitude Test

An exam designed to measure a person's potential to succeed in a certain skill or field of knowledge.