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Changes in future expected interest rates can affect current consumption.Suppose individuals expect future interest rates to decrease.Consumption will change as a result of this lower expected future interest rate because of its effects on which of the following?
Experimental Design
The plan for a scientific experiment to test a hypothesis, including how data is to be collected and analyzed.
Probability
The likelihood of a specific event or outcome happening, often expressed as a number between 0 and 1.
Control
In an experiment, a control group or element is used as a benchmark to measure how the other tested elements differ.
Lurking Variables
Variables that are not included as explanatory or response variables in a study but can affect the interpretation of relationships between variables.
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