Samuelson and Solow Reasoned That When Aggregate Demand Was Low,unemployment

question 50

Multiple Choice

Samuelson and Solow reasoned that when aggregate demand was low,unemployment was

• A)high,so there was upward pressure on wages and prices.
• B)high,so there was downward pressure on wages and prices.
• C)low,so there was upward pressure on wages and prices.
• D)low,so there was downward pressure on wages and prices.

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Definitions:

Content Validity

Evidence that the test developer adequately surveyed the domain (field) the test is to cover, that test items match that domain, and that test items are accurately weighted for relative importance.

Content Domain

The clearly defined field or category of knowledge and skills that a specific test or assessment aims to evaluate.

Survey

A method of gathering information from a sample of individuals, typically by asking a series of questions, to collect data on various topics.

Correlation

A mathematical metric that shows how much two or more variables move in relation to each other.