Unless the Aggregate Supply Curve Is Vertical,decreases in Aggregate Demand

question 240

Multiple Choice

Unless the aggregate supply curve is vertical,decreases in aggregate demand tend to

• A)result in inflation.
• B)cause the interest rate to rise.
• C)result in increases in real output.
• D)result in decreases in GDP.
• E)cause unemployment to fall.

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Definitions:

Sampling Error

The difference between the population parameter and the sample statistic due to chance variation in selecting a sample.

Nonsampling Error

Errors not related to the act of selecting a sample from the population but can occur during data collection, recording, or analysis stages.

Measurement Error

Nonsampling error that results from the incorrect measurement of the population characteristic of interest.

Big Data

Refers to extremely large data sets that may be analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.