Examlex
The price level rises in the short run if
Critical Value
The boundary value from a statistical distribution where, if the observed test statistic is beyond this point, the null hypothesis is rejected.
Null Hypothesis
A default statement suggesting that there is no statistical significance between the specified datasets, or no effect of a certain variable.
T-statistic
A type of statistic used in hypothesis testing, calculated as the difference between an observed sample mean and a hypothesized population mean, divided by the standard error of the mean.
Level of Significance
The level of significance is a threshold set by the researcher to determine the cutoff at which the null hypothesis can be rejected, commonly represented by alpha (α).
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