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17 Dec 2019

 

Refer to the above graph. What combination would most likely cause a shift from AD1 to AD2? 

 

  1. An increase in taxes and an increase in government spending.

  2. A decrease in taxes and an increase in government spending.

  3. An increase in taxes and no change in government spending.

  4. A decrease in taxes and a decrease in government spending.

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Jarrod Robel
Jarrod RobelLv2
17 Dec 2019
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Related textbook solutions

Introductory Statistics
OER Edition, 2013
Openstax
ISBN: 9781938168208

Related questions

Which of the following is an example of a supply shock?

  1. A surge in consumer optimism prompts increased buying of goods and services.

  2. A surprise tax rebate from the government gives people more money to spend.

  3. A dramatic increase in energy prices increases production costs for firms in the economy.

  4. The government increases spending on education.

Which of the following is consistent with the law of supply?

 

  1. An increase in price causes an increase in the quantity supplied, and a decrease in price causes a decrease in the quantity supplied

  2. A change in price causes a shift in the supply curve

  3. Supply shifts are caused not by a single variable but most likely by a number of different variables

  4. All of the above are consistent with the law of supply

Question 4 (1 point)                

We want to determine if a difference between groups exists between 3 groups. If we use a t test and an alpha of 0.05, what is the chance that one of the t tests is wrong?

  Question 4 options:

45%

No chance

15%

5% (alpha = 0.05)

 

Question 5 (1 point)                

Continuing from question 4, using a t test for more than two groups would increase __________ error.

  Question 5 options:

Type I

Type II

 

 

Question 6 (4 points)                

Match the following:

  Question 6 options: 1 2

ANOVA

1 2

t-test

  1. Use when testing the difference between two groups

2. Use when testing the difference between more than two groups

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