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List Three Changes That Lead to a Shift of the Aggregate

question 241

Essay

List three changes that lead to a shift of the aggregate supply curve.Discuss why each change shifts the aggregate supply curve and in which direction the curve shifts.


Definitions:

Inferential Statistics

Uses mathematical models, theories, and hypotheses to make predictions about a broader population based on observed sample data.

MANOVA

Multiple analysis of variance. This procedure is used when there are multiple dependent variables. See also ANOVA.

Multivariate Analysis

A statistical approach that examines the relationship between multiple variables in order to understand patterns and influences.

Statistical Significance

The probability that a computed statistic such as a t-test or correlation is not due to chance.

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