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Experiments are particularly susceptible to reactive measurement effects. Explain how participants' and researchers' motives can result in reactive effects. How do experimenters attempt to control such effects?
Standard Deviation
Standard deviation measures the amount of variation or dispersion from the average in a set of data points, indicating how spread out the numbers are.
Real Rate of Interest
The interest rate that has been adjusted to remove the effects of inflation; reflects the true cost of borrowing.
Nominal Rate
The rate of interest before adjustments for inflation, representing the face value rate agreed upon in financial instruments and agreements.
Inflation Rate
The rate at which the general level of prices for goods and services is rising, eroding purchasing power.
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