Match the Following Terms with Their Definitions or an Example

question 2

Multiple Choice

Match the following terms with their definitions or an example of the idea. Answers may be used more than once.
-This is a process rather than perceiving without distortion or prejudice.

• A) sampling bias
• B) construct
• C) spurious relationship
• D) variable
• E) gathering of people to generate insights & determine how group members make decisions
• F) objectivity
• G) empirical attitude and approach
• H) theory
• I) scientific strategies
• J) none of the above

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Definitions:

Money Supply

The overall volume of fiscal assets in an economy, which includes cash, coins, and amounts in checking and savings accounts, at a certain time.

Rational Expectations

An economic theory suggesting that individuals make predictions about future economic events using all available information in an unbiased and informed manner.

Discretionary Policies

Economic policies based on the judgment and decisions of policymakers, as opposed to set rules or formulas, often involving changes in government spending or taxation.

Policy Rules

Guidelines or protocols that dictate the actions of an organization or government in specific situations to achieve desired outcomes.