If a New Government Adopted Some Ill-Advised Regulations Causing the Economy

question 37

Multiple Choice

If a new government adopted some ill-advised regulations causing the economy to be less efficient ________.

• A)the ensuing negative supply shock would lead to an immediate rise in inflation
• B)in the short-run this would create a negative output gap but eventually the previous general equilibrium would be restored by subsequent rightward shifts of the AS curve
• C)there would be no permanent changes in output and inflation
• D)all of the above
• E)none of the above

Recognize biases and problems in survey research and strategies to counteract them.

Describe the uses of different data analysis techniques and statistical measures in survey research.

Understand the gender perspectives and considerations in constructing surveys.

Recognize the role of technology and methods to reduce research costs.

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Definitions:

Cognitive Ability Test

An assessment designed to measure a person’s mental capacity, including memory, reasoning, and problem-solving skills.

Numerical Ability

The capability to perform mathematical calculations and understand numerical data, often assessed in educational and employment contexts.

General Intelligence

A theory proposing that one factor underlies individual intelligence, impacting various cognitive abilities.

Cognitive Ability Test

A type of psychological test designed to measure an individual's reasoning, memory, and problem-solving skills.