Suppose You Are Reading Statistics About a Particular College

question 147

Multiple Choice

Suppose you are reading statistics about a particular college. This college reports that about 30-40% of the student body has been treated for depression. Generalizing from statistics reported in the text, you would know that the students at this college are about ____ as likely to suffer from depression as are students nation-wide.

• A) half
• B) equally
• C) twice
• D) four times

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Definitions:

Recessions

Periods of economic decline lasting at least six months, characterized by decreases in GDP, employment, and consumer spending.

Monetarists

Economists who believe that changes in the money supply have major influences on national output in the short run and the price level over longer periods.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured by GDP.

Money Supply

The total amount of monetary assets available in an economy at a specific time, including cash, bank deposits, and liquid assets.