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Describe the three ways the Federal Reserve System controls the money supply.
Randomized Block Experiment
An experimental design in which subjects are first divided into blocks based on certain inherent characteristics, and then within each block, treatments are randomly assigned to subjects to control for the block effects.
Variation
The degree to which data points in a statistical distribution or data set diverge from the average or mean.
Degrees of Freedom
The number of independent values or quantities which can be assigned to a statistical distribution, minus the number of parameters estimated.
Number of Treatments
The total count of distinct experimental conditions applied in research to assess their effects on outcomes.
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