<u>Answer:</u> it can be concluded that fiscal policy from year 1 to year 2 became more expansionary.
<u>Explanation:</u>
When the fiscal policy becomes expansionary the government will decrease the taxes and increase its spending in order to reduce the recessionary situation in the country. In the above scenario budget deficit means the expenditure is more than the revenue.
A cyclical budget deficit means the deficit which occurs due to decrease in tax rates and increase in government spending. Increasing the taxes and government spending would both offset the balance in the economy.
The correct answer is <span>a contract for the sale of a dining room set.
</span>The Uniform Commercial Code (UCC) attempt to provide a framework of rules to deal with all aspects of commercial sales transactions of tangible goods such as the dining set listed among the four options.
The 95% confidence interval will be wider than the 90% confidence interval.
In statistics, the likelihood that a population parameter will fall between a set of values for a certain percentage of the time is referred to as a confidence interval. Analysts frequently employ confidence ranges that include 95% or 99% of anticipated observations. Therefore, it may be concluded that there is a 95% likelihood that the real value falls within that range if a point estimate of 10.00 with a 95% confidence interval of 9.50 - 10.50 is derived using a statistical model.
- The level of certainty or uncertainty in a sampling process is measured by confidence intervals.
- Additionally, they are employed in regression analysis and hypothesis testing.
- To determine statistical significance, statisticians frequently combine confidence intervals with p-values.
- 95% or 99% confidence levels are most frequently used in their construction.
Learn more about Confidence interval, here
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Answer:
True
Explanation:
If there is an increase in supply that reduces market price. Consumer surplus increases because both of the following reasons
(1) consumer surplus received by existing buyers increases and
(2) new buyers enter the market.
a. TRUE
