Examlex
The slope of the aggregate supply curve is
Biased
A condition where a measure or estimate systematically deviates from the true value due to a flaw in the measurement or sampling process.
Multicollinearity
A statistical phenomenon in which two or more predictor variables in a multiple regression model are highly correlated, potentially distorting the model's estimations.
Standard Errors
The standard deviation of the sampling distribution of a statistic, measuring the accuracy with which a sample estimate represents the population parameter.
Parameter Estimates
Statistical values calculated from data that are used to represent certain characteristics of a population.
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