-Which of the Following Best Describes the Diagram of Figure

question 43

Multiple Choice

-Which of the following best describes the diagram of Figure ?

• A)The demand for loanable funds decreased. This in turn decreased the interest rate and increased the quantity supplied of loanable funds.
• B)The supply of loanable funds increased. This in turn increased the interest rate.
• C)The supply of loanable funds increased. In turn, interest rates decreased and the quantity demanded of loanable funds increased.
• D)The interest rate fell, causing an increase in the supply of loanable funds.

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Definitions:

One-Way ANOVA

A statistical test that compares the means of three or more independent groups to determine if there is a significant difference between them.

Null Hypothesis

The default hypothesis that there is no significant difference or relationship between specified populations, any observed effect is due to sampling or experimental error.

Interaction

In the context of statistics and experimental design, interaction refers to a situation where the effect of one independent variable on the dependent variable varies according to the level of another independent variable.

Factorial ANOVA

A statistical test used to examine the effects of two or more independent variables on a dependent variable simultaneously.