The Existence of an Inflationary Gap Should Cause

question 75

Multiple Choice

The existence of an inflationary gap should cause

• A)wages to fall.
• B)prices to fall.
• C)unemployment to rise.
• D)net exports to rise.

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Definitions:

Indirectly

In a way that is not directly expressed or done; an indirect method or approach.

Null Hypotheses

A statement used in statistics that proposes there is no significant difference or relationship between specified populations, or no effect of a particular treatment.

Sample

A subset of a population selected for observation and analysis in order to make inferences about the entire population.

Well-written Hypothesis

A clearly formulated statement that makes a conjecture about the outcome of an experiment or research, specifying the expected relationship between variables.