The Tax Rebates Passed by Congress in 2008 to Help

question 190

Multiple Choice

The tax rebates passed by Congress in 2008 to help move the economy more rapidly toward potential GDP are an example of

• A) automatic fiscal policy.
• B) discretionary fiscal policy.
• C) non-needs spending.
• D) contractionary fiscal policy.

---

Definitions:

Critical Value

A threshold value used in hypothesis testing, which a test statistic must exceed to reject the null hypothesis.

Chi-squared Test

A chi-squared test is a statistical method used to assess the differences between observed and expected frequencies in one or more categories.

Expected Values

The long-term average or mean value of a random variable over numerous trials or occurrences.

Null Hypothesis

A default hypothesis that indicates no effect or no difference, and against which the alternative hypothesis is tested.