The Phillips Curve Shifted During the 1970s Primarily Because of

question 64

Multiple Choice

The Phillips curve shifted during the 1970s primarily because of

• A)the two large oil price shocks.
• B)the changing demographics of the population.
• C)tight monetary policy.
• D)easy fiscal policy.

Identify and describe various measures of dispersion (range, variance, standard deviation).

Understand the chi-square statistic and its application in comparing distributions.

Understand the principles of dealing with anomalous data in statistical analysis.

Distinguish between univariate, bivariate, and multivariate statistics.

---

Definitions:

BEP

BEP, or Break-Even Point, is the financial analysis point at which total costs and total revenues are equal, implying no net loss or gain.

Operating Costs

Expenses associated with the day-to-day operations of a business, including costs of goods sold, payroll, and overhead.

Net Sales

Net Sales is the revenue generated from sales of products or services, after deducting returns, allowances for damaged or missing goods, and discounts.

Book Value Per Share

A measure of a company's equity value as per its financial statements, divided by the number of outstanding shares.