One Card Is Randomly Drawn from a Standard Deck of Playing

question 27

Multiple Choice

One card is randomly drawn from a standard deck of playing cards where aces are not considered numbered cards and are the highest card in the suit. The card is replaced and another card is drawn. What is the probability that both cards drawn are even numbered cards?

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Definitions:

Fiscal Policy

The use of government spending and taxation to influence the economy, including policies aimed at reducing unemployment, controlling inflation, and fostering economic growth.

Election Year

A year in which a formal decision-making process is conducted through which citizens vote to choose public officials or to decide on public policy issues.

Government Purchases

Government purchases comprise spending by government bodies on goods and services that contribute directly to the economy's aggregate demand.

Stagflation

A period of slow economic growth and high unemployment while prices continue to rise.