The 1973-1975 recession was caused by
A. the Fed's tight monetary policy.
B. business pessimism about investment caused by high tax rates on capital.
C. the quadrupling of oil prices by OPEC.
D. the Fed's easy monetary policy.
Answer: C
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Indicate whether the statement is true or false
The Budget Enforcement Act was an example of a debt ceiling.
Answer the following statement true (T) or false (F)
When computing p-values,
A. both the size of the sample and variation in the population matter. B. variation in the population matters, but the size of the sample does not matter. C. the size of the sample matters, but variation in the population does not matter. D. neither the size of the sample nor variation in the population matter.
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