MATCHING KEY TERMS AND DEFINITIONS

question 38

Multiple Choice

MATCHING KEY TERMS AND DEFINITIONS
-The degree to which a particular selection device accurately predicts the important elements of work behavior.

• A)Performance simulation test
• B)Weighted application forms
• C)Application
• D)Reliability
• E)Criterion-related validity
• F)Background investigation
• G)Concurrent validity
• H)Qualified privilege
• I)Work sampling
• J)Behavioral interview
• K)Validity generalization
• L)Predictive validity
• M)Cut score
• N)Validity
• O)Interviewer bias

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Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate representation of an economy's size and how it's growing over time.

Consumer Wealth

The total value of assets owned by consumers, including savings, property, and investments, which can impact their spending and saving behaviors.

Aggregate Supply Curve

A curve representing the relationship between the economy’s price level and real GDP supplied per period, with other things constant.

Aggregate Demand Curve

A curve that represents the total demand for goods and services in an economy at various price levels, assuming all other factors remain constant.