Response Latency Is the Amount of Time It Takes to Make

question 34

True/False

Response latency is the amount of time it takes to make a choice between two alternatives.

---

Definitions:

Inverse Relationship

A situation where two variables move in opposite directions, meaning when one variable increases, the other decreases, and vice versa.

Alban William Phillips

Alban William Phillips was a New Zealand economist best known for the Phillips Curve, which suggests a historical inverse relationship between rates of unemployment and corresponding rates of inflation.

Phillips Curve

An economic theory suggesting an inverse relationship between rates of unemployment and corresponding rates of inflation, indicating trade-offs between these two economic variables.

Rate of Unemployment

The segment of the labor force that is without a job and actively on the look out for employment opportunities.