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To address whether two variables are related in a contingency table,the null hypothesis,H0,says that
Economic Policy
Actions taken by governments or central banks to influence the economy, including decisions on monetary policy, fiscal policy, and regulatory measures.
Recession
A sharp drop in the overall economic activities, enduring more than a couple of months, commonly reflected in key metrics including real GDP, real income, job numbers, output of the industrial sector, and transactions in the wholesale and retail markets.
Recessionary Gap
A situation where actual economic output is lower than the potential output, indicating underutilized resources and unemployment.
Potential GDP
The highest level of economic output that an economy can sustain over a long period without causing inflation.
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