Given the Aggregate Demand Curve,a Beneficial Supply Shock Would

question 32

Multiple Choice

Given the aggregate demand curve,a beneficial supply shock would

• A)increase output and the price level
• B)decrease output and the price level
• C)increase output and lower the price level
• D)decrease output and increase the price level
• E)cause no change in output or the price level

Understand and apply hypothesis testing for population means.

Calculate and interpret test statistics and p-values.

Construct and interpret confidence intervals for population means.

Understand the assumptions underlying statistical tests and confidence intervals.