Economists Believe That Most Short-Run Fluctuations Are the Result Of

question 56

Multiple Choice

Economists believe that most short-run fluctuations are the result of:

• A)supply shocks.
• B)demand shocks.
• C)unexpected changes in the availability of imported resources.
• D)negative supply shocks.

Recognize the distinction between illegal, unenforceable, and legally viable agreements.

Identify circumstances under which certain restrictive covenants, like non-compete clauses, are enforced by courts.

Grasp the concept of usury and how interest rates are regulated at the state level.

Comprehend definitions and consequences of unconscionable conduct within contract law.

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Definitions:

Sampling Distribution

The probability dispersion of a particular statistic, facilitated by a randomly selected sample.

Z-Value

A statistical measure that quantifies the number of standard deviations a data point is from the mean of a data set.

Standard Error

A measure of the statistical accuracy of an estimate, equal to the standard deviation of the theoretical distribution of a large population of such estimates.

N

A symbol often used to represent a sample size or the number of observations or units in a dataset.