Fluctuations in Investment

question 10

Multiple Choice

Fluctuations in investment:

• A)account for almost all of the variability in gross domestic product (GDP)only during expansions.
• B)account for little of the variability in gross domestic product (GDP).
• C)account for almost all of the variability in gross domestic product (GDP)only during recessions.
• D)are larger during expansions than during recessions.
• E)account for more of the variability in gross domestic product (GDP)than consumption.

Understand the importance and challenges of obtaining random samples in psychological research.

Grasp the concept and importance of response rates in survey research.

Differentiate between probability and nonprobability sampling techniques.

Recognize various sampling methods used for predictions, such as in election outcomes.

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Definitions:

Prescriptive Norms

Social rules that dictate what behavior is expected or appropriate within a community or society.

Proscriptive Norms

Social rules that dictate what behaviors are forbidden or discouraged within a society or group.

Ethnomethodology

A sociological approach that studies the way people make sense of their everyday world, emphasizing the methods and practices individuals use to constitute their social realities.

Rational Choice Theory

A framework for understanding and modeling social and economic behavior based on the assumption that individuals act rationally, making decisions to maximize their personal benefit.