Examlex
In the diagram of the budget line BB,a rise in government expenditure shifts BB ________,so that an unchanged GDP the budget deficit ________.
Effect Size
A quantitative measure of the strength of a phenomenon, used to ascertain the practical significance of research findings.
Statistically Significant
A determination that a result from data analysis has a low probability of occurring by chance, indicating a meaningful difference or relationship.
Practical Importance
Refers to the relevance and applicability of an idea, research finding, or theory to real-world situations.
Central Tendency
A statistical measure that identifies a single value as representative of an entire distribution of data, commonly using the mean, median, or mode.
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