Which Term Is NOT Used to Refer to Individuals Being

question 1

Multiple Choice

Which term is NOT used to refer to individuals being observed?

• A) Subjects
• B) Participants
• C) Respondents
• D) Population

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Definitions:

Aggregate Demand

The amassed demand for all types of goods and services in an economic domain, set at a uniform price level across a certain time range.

Inventories

The goods and materials that a business holds with the purpose of resale or production in the future.

Wealth Effect

A behavioral economic theory suggesting that consumers spend more as the value of their assets rises, particularly visible in the increase in spending following a rise in home values or stock market portfolios.

Interest-Rate Effect

A theory suggesting that a change in interest rates will affect the level of spending on consumer goods and services due to the changes in borrowing costs.