Use the Following Table to Answer the Question

question 57

Multiple Choice

Use the following table to answer the question. A random sample of college students was asked to respond to a survey about how they spend their free time on weekends. One question, summarized in the table below, asked each respondent to choose the one activity that they are most likely to participate in on a Saturday morning. The activity choices were homework, housework, outside employment, recreation, or other.

-If one student is randomly chosen from the group, what is the probability that the student is male and chose "outside employment" as their most likely activity on a Saturday morning?

• A)0.23
• B)0.13
• C)0.10
• D)None of these

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Definitions:

Fed Increases

Refers to the Federal Reserve raising interest rates or tightening monetary policy, typically to combat inflation or overheating in the economy.

Adverse Supply Shock

A situation where the supply of goods decreases suddenly, leading to higher prices and lower quantities available.

Short-Run Aggregate-Supply Curve

Depicts the relationship between the price level and the quantity of goods and services that firms are willing to produce, taking some inputs as fixed.

Short-Run Phillips Curve

A graphical representation that shows the inverse relationship between short-term inflation and unemployment rates, suggesting a trade-off.