In the Aggregate Demand-Aggregate Supply Model, If Entrepreneurs Become Convinced

question 19

Multiple Choice

In the aggregate demand-aggregate supply model, if entrepreneurs become convinced that future profitability of capital has increased,

• A)current output will fall, but the price level will rise.
• B)current output will rise, but the price level will fall.
• C)current output and the price level will both rise.
• D)current output and the price level will both fall.

Identify the situations where nonparametric tests are preferred over parametric tests.

Apply the Kruskal-Wallis test to determine differences among more than two groups.

Distinguish between tests for matched pairs and tests for independent samples.

Understand the concept of nonparametric tests for ordinal or interval data not assuming normal distribution.