Deflation Is Occurring in a Nation; the Implication(s)of This Is/are

question 33

Multiple Choice

Deflation is occurring in a nation; the implication(s) of this is/are that

• A) both real and nominal wages are rising.
• B) both real and nominal wages are falling.
• C) if you have no job and have no income,you are better off because things are cheaper.
• D) holding nominal wages constant,the real wage would rise.
• E) holding nominal wages constant,the real wage would fall.

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Definitions:

Construct Validity

The degree to which a test or tool measures the theoretical construct or trait it is intended to measure, reflecting its accuracy and appropriateness of inferences drawn from test scores.

Discriminant Validity

A property demonstrating that a test or scale that is not closely related to variables from which it is theoretically distinct.

Construct Validity

The degree to which a test or instrument accurately measures the theoretical construct or psychological concept it intends to.

Content Validity

The degree to which a test or instrument covers the representative breadth of the topic or construct it is intended to measure.