Examlex

Solved

Define the Marginal Propensity to Consume

question 90

Essay

Define the marginal propensity to consume. Graphically, how is the marginal propensity to consume shown?


Definitions:

Concurrent Validity

The construct validity of a measure is assessed by examining whether groups of people differ on the measure in expected ways.

Face Validity

Refers to the extent to which a test appears to measure what it claims to measure, based on superficial judgment.

Convergent Validity

A type of validity that assesses whether measures that should be related, based on the study hypotheses, are actually related.

Discriminant Validity

The extent to which a test or measure differentiates between distinct groups or constructs, showing it is not correlating too highly with measures from different constructs.

Related Questions