Macroeconomic Models Particularly Focus on the Following Three Economic Data

question 60

Multiple Choice

Macroeconomic models particularly focus on the following three economic data series.

• A)real GDP,the unemployment rate,and inflation
• B)endogenous variables,exogenous variables,and GDP per person
• C)inflation,recessions,and business cycles
• D)real GDP,the employment rate,and interest rates
• E)real GDP,the unemployment rate,and depressions

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Definitions:

Z

In statistics, typically refers to a standard score indicating how many standard deviations an element is from the mean.

Null Hypothesis

A hypothesis in statistical analysis that assumes no significant difference or effect exists between certain characteristics, conditions, or variables.

Significance Level

The significance level, also known as alpha, is a pre-determined threshold for statistical significance, used to decide whether an observed effect is not due to chance.

P-values

A numerical measure that helps in determining the significance of results obtained in statistical hypothesis testing, indicating the probability of obtaining test results at least as extreme as the ones observed during the test, assuming that the null hypothesis is true.