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When analyzing the difference between two means, Professor Angus obtains the effect size as .85 using Cohen's d. In this case, Professor Angus can conclude that:
Inflation
Inflation is the rate at which the general level of prices for goods and services is rising, leading to a decrease in the purchasing power of money.
Labor Force Participation Rate
The percentage of the total working-age population that is active in the labor market, either employed or actively seeking employment.
Adults
Individuals who have reached a specific age or maturity level, generally considered to be the age at which they can assume legal rights and responsibilities.
Unemployed
Individuals who are jobless, actively seeking work, and available to take up employment.
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