Demonstrate Graphically and Explain Verbally (Using the AS/AD Model)the Effect

question 129

Essay

Demonstrate graphically and explain verbally (using the AS/AD model)the effect of the Fed's sale of government bonds when the economy is below potential.

Understand the conditions and applications of the Kruskal-Wallis test.

Understand the conditions and applications of the Friedman test.

Distinguish between the Kruskal-Wallis and Friedman tests in terms of their specific applications to data.

Recognize the distribution types associated with the test statistics of nonparametric tests.