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Starting from potential output, if firms become more optimistic about the future and decide to increase their investment in new capital, then this will generate a(n) ________ gap and inflation will ________.
Research Hypothesis
A specific, testable prediction about the expected outcome in a study, often indicating a predicted relationship between variables.
Nondirect Relationship
A relationship between two variables where changes in one variable do not lead to consistent and predictable changes in another variable directly.
One-tailed
A hypothesis test where the area of interest is only on one side of the sampling distribution, indicating either a greater-than or less-than direction but not both.
Two-tailed
A type of statistical test that considers both directions of a possible effect, looking for deviations from a null hypothesis in two opposite directions.
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