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Table 6-5
The table below pertains to an economy with only two goods-books and calculators. The fixed basket consists of 5 books and 10 calculators.
-Refer to Table 24-5. Using 2005 as the base year, what is the inflation rate?
Main Effect
The effect of an independent variable on a dependent variable, isolated from other variables in an experimental study.
Simple Effect
The effect of one independent variable at a particular level of another independent variable in a factorial design.
Factorial Research
Factorial research involves experiments that study the effects of more than one independent variable at a time on a dependent variable.
Single-Factor Research
An experimental design involving only one independent variable.
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