Which English Economist Challenged Economic Orthodoxy by Suggesting That Recovery

question 23

Multiple Choice

Which English economist challenged economic orthodoxy by suggesting that recovery would depend on increased government expenditures to stimulate consumer spending?

• A)Adam Smith
• B)David Ricardo
• C)Neville Chamberlain
• D)John Maynard Keynes
• E)Friedrich Hayek

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Definitions:

Normal Distribution

A probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

P-value

The probability of observing a test statistic at least as extreme as the one observed, under the assumption that the null hypothesis is true.

Service Time

The duration or amount of time taken to complete a service or process, especially in contexts like customer service or computing.

Mean Difference

Mean difference is the measure of the average discrepancy between two sets of numbers, often used in comparing the central tendencies of two samples.