We Have Drawn the SAS and SP Curves as Straight

question 11

Multiple Choice

We have drawn the SAS and SP curves as straight lines for convenience.More realistically,rising output ________ the structural unemployment problem and the effect of this on wages causes those curves to ________ in slope.

• A)aggravates,increase
• B)aggravates,decrease
• C)alleviates,increase
• D)alleviates,decrease

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Definitions:

Chi-square Test

A method of statistical analysis utilized to ascertain the presence of a meaningful relationship between two variables of a categorical nature.

T Test

A statistical test used to compare the means of two groups to determine if there is a significant difference between them.

T Test

A statistical analysis method that contrasts the averages of two groups to ascertain if a substantial disparity exists between the two.

Correlation Coefficients

Statistical measures that indicate the extent to which two variables fluctuate together, showing the strength and direction of their relationship.