Other Things the Same,continued Technological Progress and Continued Increases in the Money

question 62

Multiple Choice

Other things the same,continued technological progress and continued increases in the money supply would unambiguously lead to

• A)rising prices only.
• B)rising real GDP only.
• C)rising prices and rising real GDP.
• D)neither rising prices nor rising real GDP.

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Definitions:

Degrees of Freedom

The number of independent values or quantities which can be assigned to a statistical distribution, often representing the number of values that are free to vary.

Test Statistic

A calculated value used in statistical testing to determine whether to reject the null hypothesis.

P-Value

The probability of observing test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is correct.

Degrees of Freedom

The number of independent values or quantities that can vary in the calculation without violating any constraint.