In the First Part of the Decade That Began in 2000

question 119

Multiple Choice

In the first part of the decade that began in 2000, the U.S. government went from a surplus to a deficit. Other things the same, this means the

• A)supply of loanable funds shifted to the right.
• B)supply of loanable funds shifted to the left.
• C)demand for loanable funds shifted to the right.
• D)demand for loanable funds shifted to the left.

---

Definitions:

Likelihood Probabilities

The probabilities that express the plausibility of different parameter values given a certain outcome.

Experimental Outcome

The result observed from conducting an experiment, which can be used to test hypotheses and theories.

Perfect Information

A situation in decision theory and economics where all participants have full and identical information about the elements of the game or economic situation.

Decision Tree

A graphical representation of possible solutions to a decision based on certain conditions, used in decision analysis to help identify a strategy most likely to reach a goal.