The Regression-Discontinuity Design

question 90

Multiple Choice

The regression-discontinuity design:

• A) Is a relatively weak design for demonstrating a treatment effect
• B) Is subject to many potential threats to internal validity
• C) Is a type of pretest-posttest design
• D) Is a very good design to use especially when certain criteria are met

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Definitions:

Time Inconsistency

Refers to the situation where a decision-maker's preferences change over time, so that what is preferred at one point in time is inconsistent with what is preferred at another time.

Short-Run Phillips Curve

A graphical representation showing the inverse relationship between the rate of inflation and the rate of unemployment in the short term.

Long-Run Phillips Curve

A graphical representation in economics indicating that in the long run, there is no trade-off between inflation and unemployment, showing a vertical curve at the natural rate of unemployment.

Short-Run Phillips Curve

A concept in economics that shows an inverse relationship between unemployment and inflation in the short term.