Macroeconomics

question 143

Multiple Choice

Macroeconomics

• A) studies the behavior of individual consumers, firms and markets.
• B) studies the behavior of the economy as a whole.
• C) involves the interaction between different countries in specific markets.
• D) studies how computer automation has changed economics.

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Definitions:

Tukey's Method

A statistical method used to identify outliers in a data set, named after John Tukey.

Fisher's LSD Method

A post hoc test used in ANOVA for making pairwise comparisons between group means, assuming homogeneity of variances and usually applied after finding a significant F-test.

F-Test

A statistical test used to compare the variances of two populations to ascertain if they come from populations with equal variances.

ANOVA

Stands for "Analysis of Variance," a statistical method used to compare the means of three or more samples.