________ Represents Stable Factors That Affect the Observed Score in the Same

question 34

Multiple Choice

________ represents stable factors that affect the observed score in the same way each time the measurement is made,such as mechanical factors (see Fig.9.6 in the text) .

• A)Systematic error
• B)Measurement error
• C)Random error
• D)Variable error

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Definitions:

Self-correcting Economy

An economy that possesses mechanisms to automatically adjust itself to balance out recessions or inflations without external intervention.

Recessionary Gap

The difference between the actual output of an economy and its potential output if all resources were fully employed, indicating underperformance.

Expansionary Gap

A situation in an economy where total spending exceeds the production capacity, leading to inflationary pressures and a rise in output.

Effectiveness Lag

The time needed for changes in monetary or fiscal policy to affect the economy