The Standard Deviation of the Sampling Distribution of the Sample

question 62

Multiple Choice

The standard deviation of the sampling distribution of the sample mean is also called the:

• A)central limit theorem.
• B)standard error of the mean.
• C)finite population correction factor.
• D)population standard deviation.

---

Definitions:

Stagflation

An economic condition characterized by slow economic growth, high unemployment, and rising prices (inflation).

Economy

The organized system of human activity involved in the production, consumption, and distribution of goods and services in a particular geographic or political area.

Economic Contraction

A decline in national output as measured by GDP, often marked by a decrease in spending, investment, and general economic activity.

Aggregate Supply

The total supply of goods and services that firms in an economy are willing and able to sell at a given overall price level in a given time period.