In the Long Run, a Decrease in Government Spending, Other

question 275

Multiple Choice

In the long run, a decrease in government spending, other things equal, generates

• A) a lower real GDP in the long run.
• B) a higher real GDP in the short run.
• C) a lower price level.
• D) both a higher real GDP and a lower price level.

Analyze the relationship between two variables using Spearman rank correlation when normality conditions are not met.

Distinguish between parametric and nonparametric correlation coefficients and their applications based on data types and distribution.

Understand the conditions under which the Spearman rank correlation coefficient's sampling distribution approaches normality.

Recognize the null and alternative hypotheses for nonparametric tests, including the Wilcoxon rank sum test.

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