Examlex
Outline the process by which a contractionary monetary policy affects the capital account and exchange rate under a flexible exchange rate system.
T-test
A statistical method employed to ascertain whether there's a notable difference in the average values of two distinct groups.
Null Hypothesis
A statement positing that there is no significant difference or relationship between specified populations, any observed difference being due to sampling or experimental error.
Probability
A measure of the likelihood that an event will occur, quantified between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
Null Hypothesis
A type of hypothesis used in statistics that suggests there is no significant difference or effect in a particular condition, serving as a default position until evidence suggests otherwise.
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