If We Reject the Null Hypothesis,we Conclude That

question 158

Multiple Choice

If we reject the null hypothesis,we conclude that:

• A)there is enough statistical evidence to infer that the alternative hypothesis is true.
• B)there is not enough statistical evidence to infer that the alternative hypothesis is true.
• C)there is enough statistical evidence to infer that the null hypothesis is true.
• D)there is not enough statistical evidence to infer that the null hypothesis is true.

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Definitions:

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, visible in GDP, real income, employment, industrial production, and wholesale-retail sales.

Budget Deficit

The situation in which a government's expenditures exceed its revenues, leading to borrowing or currency issuance.

Taxes

Compulsory contributions to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.

Automatic Stabilizers

Economic policies and programs, like unemployment benefits and progressive taxation, that automatically help stabilize an economy by decreasing the effects of economic fluctuations.