One Card Will Be Randomly Selected from a Standard 52-Card

question 45

Short Answer

One card will be randomly selected from a standard 52-card deck. The probability that it will be the jack of hearts is ____.

---

Definitions:

Upward Wage Pressures

The factors that cause the costs of labor in the market to increase.

Supply-Side Economist

An economist who believes that reducing tax rates and deregulation will stimulate economic growth by incentivizing individuals and businesses to produce goods and services.

Money Supply

The aggregate sum of financial assets present within an economy at a certain moment, encompassing cash, coins, and the amounts in checking and savings accounts.

Inflation

A sustained increase in the general price level of goods and services in an economy over a period of time, leading to a decrease in purchasing power.