In Order to Say That a Distribution Is Positively Skewed

question 18

Multiple Choice

In order to say that a distribution is positively skewed, which of the following must be true?

• A) Right tail must be longer than the left
• B) Right tail must be shorter than the left
• C) Right and left tails must be equal
• D) Curve must be bell-shaped

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Definitions:

Demand-Pull Inflation

A sustained rise in the price level caused by a rightward shift of the aggregate demand curve.

Inflation Rate

The percentage rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Standard of Living

A level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a geographic area.

Real Prices

Prices that have been adjusted for inflation or deflation, reflecting the purchasing power of money in different time periods.