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Refer to the Information Provided in Figure 14

question 38

Multiple Choice

Refer to the information provided in Figure 14.1 below to answer the questions that follow. Refer to the information provided in Figure 14.1 below to answer the questions that follow.   Figure 14.1 -Refer to Figure 14.1. If policy makers decide at time t<sub>5 </sub>that the economy is expanding too fast, but the policy changes start affecting the economy at t<sub>7</sub>, then the policy will be A)  inappropriate. B)  well timed. C)  ineffective. D)  optimal. Figure 14.1
-Refer to Figure 14.1. If policy makers decide at time t5 that the economy is expanding too fast, but the policy changes start affecting the economy at t7, then the policy will be


Definitions:

Extreme

Relating to values that are farthest from the mean or median in a data set, often considered outliers.

Z Score

A calculation used to express the difference of a particular value from a group's mean, in terms of how many standard deviations away it is.

T Score

A standardized score that indicates how many standard deviations an element is from the mean of its distribution.

Z Scores

Standard scores indicating how many standard deviations an element is from the mean.

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