Which of the Following Would Cause Prices and Real GDP

question 91

Multiple Choice

Which of the following would cause prices and real GDP to rise in the short run?

• A) Short-run aggregate supply shifts right.
• B) Short-run aggregate supply shifts left.
• C) Aggregate demand shifts right.
• D) Aggregate demand shifts left.

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Definitions:

Criterion-related Validity

The extent to which a measure is related to an outcome or criterion, indicating the utility of the test for predicting performance or behavior.

Discriminant Validity

A method of demonstrating construct validity by correlating a test with other dissimilar instruments to ensure lack of a relationship.

Intelligence Test

Individual tests that assess a broad range of cognitive capabilities that generally results in an “IQ” score. Often used to identify mental retardation, giftedness, learning disabilities, and general cognitive functioning. It is a type of aptitude test.

Statistical Analysis

Involves mathematical techniques for collecting, reviewing, analyzing, and drawing conclusions from data.