In a Case Study

question 88

Multiple Choice

In a case study,

• A) an individual participant is studied in depth.
• B) systematic observation is used to see if a link exists between variables.
• C) behavior is carefully observed without intervening directly with subjects.
• D) a variable is manipulated while another variable is observed for changes.

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Definitions:

Supply Shocks

Unexpected events that suddenly change the supply of a good or service, potentially leading to rapid price changes.

Short-Run Phillips Curve

A curve that illustrates the inverse relationship between the rate of inflation and the unemployment rate in the short term, suggesting that lower unemployment comes with higher inflation.

Long-Run Phillips Curve

A concept suggesting that in the long term, there is no trade-off between inflation and unemployment, as opposed to the short-run Phillips curve.

Disinflation

A reduction in the rate of inflation, characterized by a slowing down in the rate at which prices increase over time.