At the End of the School Term, Students Are Asked

question 114

True/False

At the end of the school term, students are asked to rate the course and instructor by indicating on a scale of 1-5 how well they liked the course. The data generated from this question are examples of ordinal data.

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Definitions:

Rational Expectations

An economic theory suggesting individuals make predictions about the future based on available information and past experiences in a rational manner.

Stabilization Policy

Government policies aimed at maintaining economic stability through influencing economic growth, reducing unemployment, and controlling inflation.

Economic Policies

Strategies and actions implemented by governments or economic institutions to regulate and control the economy, including policies on taxation, spending, and monetary supply.

Rational Expectations Theorists

Economists who believe that individuals and firms use all available information to make forecasts and decisions, leading markets to balance out over time.