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There Is Zero Crowding Out and the Federal Budget Is

question 72

Multiple Choice

There is zero crowding out and the federal budget is balanced at the time government purchases are increased.It follows that the __________ curve shifts to the __________,and in the short run both the price level and Real GDP __________.


Definitions:

Directional Alternative Hypothesis

A hypothesis that specifies the direction of the expected difference or relationship between variables (e.g., greater than, less than).

Non-directional Alternative Hypothesis

A hypothesis that specifies there is a statistical difference without stating the direction of the difference.

Non-directional Null Hypothesis

A type of null hypothesis that specifies there will be no change or difference without stating a direction of change.

Standard Error

A statistical measure that quantifies the amount of variability in a sample mean compared to the population mean, used to gauge the precision of the sample mean.

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