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If the U.S. is in a recessionary gap, the appropriate policy is to _____ the money supply to _____ interest rates.
P(T<=t) Two-Tail
The probability that the test statistic T will fall in either tail of its distribution, assuming the null hypothesis is true, used in two-tailed tests.
Significance Level
A statistical measure that determines the threshold at which the null hypothesis is rejected, commonly represented by the alpha (α) symbol and set before the experiment.
Treatment Group
In experimental research, the group of participants that receives the treatment or intervention being tested, as opposed to the control group.
Confidence Interval
A statistical range that estimates where a population parameter lies with a certain probability.
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