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A researcher studies a new mathematics program. At the beginning of the year, 100 students are randomly assigned to receive a new program and 100 students are randomly assigned to use the previously used mathematics program. The participants are pretested at the beginning of the year, and they are posttested at the end. What kind of experimental design did the researcher use?
Money Wage Rate
The money wage rate refers to the nominal amount of money that employees receive in exchange for their labor, typically reported as an hourly or yearly salary.
Substitution Effect
The change in the consumption pattern of goods due to a change in relative prices, holding the level of utility constant.
Output Effect
The change in total output resulting from a change in input quantities or the introduction of new processes or technologies in the production.
Price of Capital
The cost of using capital goods, such as equipment or buildings, which is often reflected in interest rates or rental charges.
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