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Textbooks / Business / Basic Statistics for Business and Economics 7

Basic Statistics for Business and Economics 7th Edition - Solutions by Chapter

Basic Statistics for Business and Economics | 7th Edition | ISBN: 9780077384470 | Authors: Douglas Lind; William Marchal; Samuel Wathen

Full solutions for Basic Statistics for Business and Economics | 7th Edition

ISBN: 9780077384470

Basic Statistics for Business and Economics | 7th Edition | ISBN: 9780077384470 | Authors: Douglas Lind; William Marchal; Samuel Wathen

Basic Statistics for Business and Economics | 7th Edition - Solutions by Chapter

Solutions by Chapter
4 5 0 382 Reviews

Basic Statistics for Business and Economics was written by and is associated to the ISBN: 9780077384470. This textbook survival guide was created for the textbook: Basic Statistics for Business and Economics , edition: 7. The full step-by-step solution to problem in Basic Statistics for Business and Economics were answered by , our top Business solution expert on 08/23/17, 08:36AM. This expansive textbook survival guide covers the following chapters: 6. Since problems from 6 chapters in Basic Statistics for Business and Economics have been answered, more than 217685 students have viewed full step-by-step answer.

Key Business Terms and definitions covered in this textbook
  • behavioral economics

    the subfield of economics that integrates the insights of psychology

  • budget surplus

    an excess of government receipts over government spending

  • capital

    the equipment and structures used to produce goods and services

  • depression

    a severe recession

  • financial system

    the group of institutions in the economy that help to match one person’s saving with another person’s investment

  • game theory

    the study of how people behave in strategic situations

  • indifference curve

    a curve that shows consumption bundles that give the consumer the same level of satisfaction

  • indifference curve

    a curve that shows consumption bundles that give the consumer the same level of satisfaction

  • inflation tax

    the revenue the government raises by creating money

  • job search

    the process by which workers find appropriate jobs given their tastes and skills

  • median voter theorem

    a mathematical result showing that if voters are choosing a point along a line and each voter wants the point closest to his most preferred point, then majority rule will pick the most preferred point of the median voter

  • median voter theorem

    a mathematical result showing that if voters are choosing a point along a line and each voter wants the point closest to his most preferred point, then majority rule will pick the most preferred point of the median voter

  • menu costs

    the costs of changing prices

  • model of aggregate demand and aggregate supply

    the model that most economists use to explain shortrun fluctuations in economic activity around its long-run trend

  • monetary neutrality

    the proposition that changes in the money supply do not affect real variables

  • money multiplier

    the amount of money the banking system generates with each dollar of reserves

  • productivity

    the quantity of goods and services produced from each unit of labor input

  • proportional tax

    a tax for which highincome and low-income taxpayers pay the same fraction of income

  • sacrifice ratio

    the number of percentage points of annual output lost in the process of reducing inflation by 1 percentage point

  • substitutes

    two goods for which an increase in the price of one leads to an increase in the demand for the other