The Three Basic Principles of Statistical Design of Experiments Are

question 23

Multiple Choice

The three basic principles of statistical design of experiments are

• A)control,comparison,and confounding.
• B)control,randomization,and repetition.
• C)blocking,blinding,and bias avoidance.
• D)randomization,control,and pairing.
• E)comparison,blocking,and pairing.

---

Definitions:

Short-Run Aggregate Supply

The total production of goods and services in an economy at different price levels in the short-term, considering wages and resource prices as sticky.

Short-Run Aggregate Supply

The total production of goods and services in an economy at different price levels over a short period, during which some production costs are fixed.

Potential Output

The highest level of real GDP that can be sustained over the long term without increasing inflation.

Price Level

The average of all current prices for goods and services in an economy, reflecting the cost of living.