According to Aggregate Demand and Supply Analysis,the Rising Oil Prices

question 50

Multiple Choice

According to aggregate demand and supply analysis,the rising oil prices coupled with the subprime financial crisis in 2007-2008 caused the unemployment rate to ________ and the level of real aggregate output to ________.

• A)increase; increase
• B)increase; decrease
• C)decrease; increase
• D)decrease; decrease

Recognize the conditions under which the CLT applies to both continuous and discrete distributions.

Understand the concept of standard error and its significance in describing the variability of sample statistics.

Comprehend the impact of sample size on the sampling distribution, including effects on the standard error and the shape of the distribution.

Differentiate between the concepts of a sampling distribution and the distribution of sample data.

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