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Why do governments accept a target inflation rate of around 2 per cent?
One-tailed Hypothesis Test
A statistical test in which the region of rejection is on only one side of the sampling distribution, used when a specific direction for the data is predicted.
Level Of Significance
A threshold in hypothesis testing, below which the null hypothesis is rejected, indicating a statistically significant result.
Average Hourly Wage
The average earnings of employees per hour worked.
Computer Programmers
Professionals who write, debug, and maintain the code that allows software applications to function.
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