Examlex
Explain how an increase in the unemployment rate will affect bargaining power and nominal wages.
Independent Variable
A variable that is manipulated or categorized to observe its effect on a dependent variable in experimental research.
Interaction Effect
In statistics, a circumstance where the effect of one independent variable on a dependent variable is different at different levels of another independent variable.
Main Effect
The immediate effect that an independent variable has on a dependent variable within an experimental framework.
Simple Effect
Analysis within ANOVA that looks at the effect of one factor at a specific level of another factor, useful in interactions.
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