Threats to the Validity of a Trend Study Are Not

question 34

Multiple Choice

Threats to the validity of a trend study are not likely to include 1-history effects. 2-maturation effects. 3-instrumentation effects.

• A)1
• B)2
• C)3
• D)1 and 3
• E)all of these

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Definitions:

Price Level

The current mean value of prices for every good and service available in the economy.

Output

The total amount of goods or services produced by a person, machine, business, or country.

Housing and Financial Crisis

A period of extreme stress in financial markets and banking systems, often leading to a downturn in the housing market and economy.

Short-run Phillips Curve

A graphical representation that shows the inverse relationship between the level of unemployment and the rate of inflation in the economy over the short-term.