If Strong Fiscal Policy Stimulus Is Used to Combat a Recessionary

question 204

Multiple Choice

If strong fiscal policy stimulus is used to combat a recessionary gap, what will happen?

• A)a rapid movement toward lower unemployment and higher inflation 
• B)a rapid movement toward lower unemployment and lower inflation 
• C)a slow movement toward lower unemployment and higher inflation 
• D)a slow movement toward lower unemployment and lower inflation.

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Definitions:

Statistical Table

A table that displays data in a structured format, often used to summarize and present statistical results.

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P-value

A statistical measure that helps scientists determine the significance of their data relative to a specified hypothesis, indicating the probability of observing the given result by chance.

Hypotheses Testing

Hypotheses testing is a statistical method used to make decisions about the properties of a population based on sample data, involving the testing of an assumption or hypothesis.