Assume a study indicates that attending an SAT preparation class improved average SAT scores by 200 points. If the null hypothesis is true and the p-value for the 200 point SAT score improvement is 0.015, then there is a ________ chance of improving your SAT score by 200 points.

When the unemployment rate is greater than the natural unemployment rate, real GDP is

A) greater than full employment GDP. B) less than potential GDP. C) equal to potential GDP. D) greater than potential GDP. E) unrelated to potential GDP.

Which of the following is true about the Federal Reserve and its ability to prevent recessions? The Federal Reserve

A) can fine tune the economy and realistically hope to keep the economy from experiencing recessions. B) cannot realistically fine tune the economy and has little to no effect on the magnitude and length of recessions. C) cannot realistically fine tune the economy, but seeks to keep recessions shorter and milder than they would otherwise be. D) does not try to eliminate recessions, but instead focuses on preventing inflation.