An Unexpected Increase in Total Spending Will Cause an Increase

question 102

Multiple Choice

An unexpected increase in total spending will cause an increase in GDP

• A)if prices are sticky.
• B)if prices are fully flexible.
• C)regardless of whether prices are sticky or fully flexible.
• D)only if prices are stuck in the long term.

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Definitions:

Median

The median is the central number in a set of data that has been organized in either increasing or decreasing sequence.

Bimodal Data

A distribution of data showing two distinct peaks or modes, indicating two predominant values within the dataset.

Population Mean

The mean of all members of a whole population, representing the central tendency of the population data.

Sample Mean

The average of a set of observations or scores taken from a sample.