For a Normal Distribution, the Skewness and Kurtosis Measures Are

question 21

Multiple Choice

For a normal distribution, the skewness and kurtosis measures are as follows:

• A)1.96 and 4
• B)0 and 0
• C)0 and 3
• D)1 and 2

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Definitions:

Expansionary Fiscal Policy

To fight recessions, the federal government lowers taxes and/or raises spending.

Government Spending

Expenditures made by the government of a country on collective needs and wants such as infrastructure, public safety, education, and healthcare.

Public Debt

Money that is owed by a government to creditors within the country or externally, arising from borrowing to finance expenditures exceeding tax revenues.

Budget Deficits

The amount by which government spending exceeds its revenue over a specified period, leading to a need for borrowing or currency printing.