In the Long Run, Current Output Will

question 76

Multiple Choice

In the long run, current output will:

• A) equal potential output.
• B) be less than potential output.
• C) be above potential output.
• D) only equal potential output if unemployment is zero.

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Definitions:

Reliability Coefficient

The reliability coefficient is a statistical measure that indicates the consistency or stability of scores obtained from a test or measurement tool over time.

Unsystematic Error

The collection of factors that contribute to the variation in scores noted across administrations of a test or instrument. Also referred to as random error.

Random Measurement Error

Variability in measurement results that arises from unpredictable fluctuations during the measurement process.

Internal Consistency

A measure of the reliability of a psychological test or survey, based on the extent to which all parts of the test contribute equally to what is being measured.