Which of the Following Combinations Would Be on an Aggregate

question 83

Multiple Choice

Which of the following combinations would be on an aggregate demand curve with a spending growth rate of 6%?

• A) inflation rate of 3%,real growth rate of 6%
• B) inflation rate of 6%,real growth rate of 3%
• C) inflation rate of 2%,real growth rate of 8%
• D) inflation rate of 8%,real growth rate of -2%

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Definitions:

Confidence Intervals

A sequence of values, garnered from samples, anticipated to cover the value of a yet-to-be-discovered population parameter.

Sampling Distribution

The probability distribution of a given statistic based on a random sample.

Central Limit Theorem

A statistical theory that states that the sampling distribution of the sample mean will approach a normal distribution as the sample size becomes larger, regardless of the shape of the population distribution.

Test Statistic

A calculated value from statistical test data used to determine whether to reject the null hypothesis in favor of the alternative hypothesis.