If a Researcher Were to Use a

question 17

Multiple Choice

If a researcher were to use a .01 level of significance rather than the .05 level,the probability of a Type I error would

• A)not change.
• B)increase.
• C)decrease.
• D)not able to tell without more information

---

Definitions:

Labor

The human effort, both physical and mental, that is used to produce goods and services.

Consumer Spending

The total amount of money spent by households and individuals in an economy on goods and services, an important indicator of economic health.

Consumption Expenditures

The total amount of money spent by households and individuals on goods and services for personal use.

Circular Flow Diagram

A visual model of the economy that shows how dollars flow through markets among households and firms.