Which Type of Rater Error Occurs When a Participant Is

question 3

Multiple Choice

Which type of rater error occurs when a participant is reluctant to give extreme judgments?

• A) Error of leniency
• B) Error of central tendency
• C) Halo effect
• D) Demand effect
• E) Socially desirable responding

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Definitions:

U.S. Economy

The economic system of the United States, characterized by a mixed economy with both private enterprise and government regulation.

Liquidity Preference

A theory that suggests individuals prefer to have their resources in liquid form to meet immediate demands for funds.

Irving Fisher

A renowned American economist known for his contributions to the theory of interest and the Fisher Equation.

Price Level

A general average of the ongoing prices for goods and services within the economic sector.