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Figure 117 Alt Text for Figure 11

question 125

Multiple Choice

Figure 11.7 Alt text for Figure 11.7: In figure 11.7, a graph shows movement in the money market.
Long description for Figure 11.7: The x-axis is labelled, quantity of money, M (billions of dollars) , with value 500 marked.The y-axis is labelled, interest rate, i, with values 4 and 5% marked.3 lines are shown; MD1, MD2, and MS.Line MD1 begins in the top left corner and slopes down to the end of the x-axis.Line MD2 follows the same slope as line MD1, but is plotted to the right.Line MS is perpendicular to the x-axis, and begins from the value 500.Line MD1 meets line MS at point A (500, 4) , a little more than half way along both lines.Line MD2 meets line MS at point B (500, 5%) , approximately 3 quarters of the way along both lines.These points of intersection are connected to their respective coordinates on the y-axis using dotted lines.
-Refer to Figure 11.7.In the figure above, the movement from point A to point B in the money market would be caused by

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Definitions:

Alternative Hypothesis

A statement in hypothesis testing that proposes a significant difference, effect, or relationship exists in the population, opposing the null hypothesis.

Test Statistic

A statistic whose calculated value is used to decide whether to reject the null hypothesis in a hypothesis test.

Population Distribution

The distribution of a characteristic within an entire population, described by parameters such as mean, variance, and standard deviation.

Null Hypothesis

A hypothesis that suggests there is no statistical significance between two variables, often used as a default hypothesis in testing.