During Hyperinflations

question 9

Multiple Choice

During hyperinflations

• A)the value of money rises rapidly.
• B)money no longer functions as a good store of value and people may resort to barter transactions on a much larger scale.
• C)middle-class savers benefit as prices rise.
• D)money's value remains fixed to the price level;that is,if prices double so does the value of money.

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Definitions:

Factor Analysis

A method of demonstrating construct validity by statistically examining the relationship between subscales and the larger construct. It is frequently used in multiple aptitude tests to help developers determine the purity of subtests.

Multiple Abilities

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Cattell-Horn-Carroll

A comprehensive framework of human cognitive abilities that combines the theories of Raymond Cattell, John L. Horn, and Carroll, offering a detailed description of the structure of intelligence.

WISC-IV

The Wechsler Intelligence Scale for Children-IV, a clinical instrument designed to assess the cognitive ability of children between the ages of 6 and 16.