As a Result of a Sharp Decrease in Aggregate Demand

question 157

Multiple Choice

As a result of a sharp decrease in aggregate demand between 1929 and 1933, the unemployment rate changed from _____% in 1929 to _____% in 1933.

• A) 0; 3
• B) 3: 25
• C) 40; 5
• D) 25; 0

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Definitions:

Null Hypothesis

A statistical hypothesis that suggests there is no significant difference between specified populations, any observed difference being due to sampling or experimental error.

P-Value

In statistical hypothesis testing, the probability of obtaining test results at least as extreme as the ones observed during the study, assuming that the null hypothesis is true.

Null Hypothesis

A default position that there is no difference or effect, in statistics, until evidence suggests otherwise.

Traffic Data

Information collected about the movement of vehicles on roads used to analyze flow patterns, congestion, and planning transportation systems.