Figure 18-4

question 421

Multiple Choice

Figure 18-4.On the horizontal axis of the graph,L represents the quantity of loanable funds in billions of dollars.
-Refer to Figure 18-4.The position and/or slope of the Supply curve are influenced by

• A) the level of public saving.
• B) the level of national saving.
• C) decisions made by people who have extra income they want to save and lend out.
• D) All of the above are correct.

---

Definitions:

Chi-squared Goodness-of-fit Test

A statistical test used to determine if observed data fits an expected distribution.

Expected Frequencies

The anticipated count of occurrences across different categories or intervals, based on a probability model.

Observed Frequencies

The actual number of occurrences or instances recorded in categorized data.

Null Hypothesis

A statement in statistics that there is no significant difference or effect, and any observed difference is due to chance.