A Coordination Failure

question 118

Multiple Choice

A coordination failure

• A) is a real-business-cycle event.
• B) is a self-fulfilling prophesy.
• C) results from the spending-income multiplier.
• D) is a direct outcome of inappropriate fiscal policy.

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Definitions:

Degrees Of Freedom

The number of independent values or quantities which can vary in an analysis without breaking any constraints.

Proportion Of Successes

A statistical measure that calculates the ratio of successes in a set of observations to the total number of observations.

Z Test

Utilized to check for differences in the means of two populations, this statistical test requires that variances are known and that there is a considerable sample size.

Group 1

Typically refers to the first group or category in a study or classification system.