Which of the Following Would Be Expected to Decrease the Demand

question 149

Multiple Choice

Which of the following would be expected to decrease the demand for money in the U.S.?

• A)Grocery stores begin to accept credit cards in payment.
• B)The economy enters a boom period.
• C)Political instability increases dramatically in developing nations.
• D)Households fear increasing computer glitches will severely limit their ability to use ATMs.

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Definitions:

Differential Validity

Test validation process aimed at discovering the validity of a test for various subgroups, e.g., females and members of visible minorities.

Separate Test Validation

The process of evaluating a test independently from other tests to ensure it accurately measures what it's intended to measure.

Subgroups

Distinctive smaller groups within a larger group or organization, often characterized by shared interests or traits.

Subjective Approach

An approach where the decision maker looks at the scores received by the various applicants on predictors, subjectively evaluates all of the information, and comes to an overall judgment.