Research Studies That Follow the Same People at Different Times,collecting

question 9

Multiple Choice

Research studies that follow the same people at different times,collecting data at specified intervals,are what kind of study?

• A)cohort
• B)cross-sectional
• C)panel
• D)trend
• E)spurious

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Definitions:

Velocity of Circulation

The rate at which money is exchanged in an economy, representing the number of times a unit of currency is used to purchase goods and services within a given time period.

Classical Economist

An economist who believes in economic theories that emphasize free markets, minimal government intervention, and the importance of self-regulating business cycles.

Inadequate Aggregate Demand

A situation where the total demand for goods and services in an economy is not sufficient to produce full employment.

Recession

A decline in real GDP for two consecutive quarters.