With No Other Changes in Economic Policy,a Recession Will Reduce

question 19

Multiple Choice

With no other changes in economic policy,a recession will reduce __________.

• A)government revenue
• B)government spending
• C)government regulation of the economy
• D)the amount of money the government can borrow

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Definitions:

Alternative Hypothesis

A hypothesis that contradicts the null hypothesis; it suggests there is an actual effect or difference.

Two-sided Test

A statistical test that considers both directions of effect by evaluating whether a parameter is either significantly higher or lower than a hypothesized value, allowing for rejection of the null hypothesis for deviations in two directions.

P-value

A metric used in statistics to assist researchers in assessing the importance of their findings, signifying the chance of achieving the observed outcomes assuming the null hypothesis is accurate.

Test Statistic

A calculated value that is used to assess the evidence against the null hypothesis in a statistical test.