Refer to the Information Provided in Figure 12

question 72

Multiple Choice

Refer to the information provided in Figure 12.5 below to answer the questions that follow.
Figure 12.5
-Refer to Figure 12.5.Which of the following combinations would definitely increase the equilibrium interest rate?

• A)government spending increases and the price level increases
• B)government spending increases and the price level decreases
• C)government spending decreases and the price level increases
• D)government spending decreases and the price level decreases

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Definitions:

Distribution

Describes the frequency or probability of all possible outcomes of a random variable.

Box Plots

Box plots, also known as box-and-whisker plots, are graphical representations used in descriptive statistics that show the distribution, central value, and variability of a dataset through quartiles, highlighting median, quartiles, and outliers in the data.

Medians

The middle value in a set of numbers, dividing the data set into two halves.

Histograms

A visual depiction showcasing how numerical data is spread out, illustrated through bars of varying heights.