An Increase in the Unemployment Rate Would Be Shown on a Production

question 42

Multiple Choice

An increase in the unemployment rate would be shown on a production possibilities curve by

• A)shifting the entire curve outward.
• B)shifting the entire curve inward.
• C)moving from a point on or near the curve to a point closer to the origin,rather than shifting the entire curve.
• D)moving from a point inside the curve to a point on or at least closer to,the curve,rather than shifting the entire curve.

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Definitions:

Reject

In statistics, to refuse the null hypothesis based on evidence from sample data meeting a predetermined significance level.

Interaction Effect

In statistics, the effect that an independent variable has on the outcome variable depends on or varies according to the levels of one or more other independent variables.

F-Ratio

A statistical value used to compare variances in ANOVA tests, determining if there are significant differences between group means.

Research Hypothesis

A proposed explanation or prediction about a relationship that can be tested through study and experimentation.