Consider the Study of Punctuality in Estonia, Morocco, and the United

question 14

Essay

Consider the study of punctuality in Estonia, Morocco, and the United States that was described in Briefing 16. How could you modify the study to improve its external validity? That is, what changes could you make to increase our confidence that the study's findings will generalize to other people and places?

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Definitions:

Cost-Pull Inflation

Inflation caused by an increase in prices of inputs like labour, raw material, etc., leading to a decrease in the supply of these goods.

Demand-Pull Inflation

A sustained rise in the price level caused by a rightward shift of the aggregate demand curve.

Inflation Rate

The percentage rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Standard of Living

A level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a geographic area.