What Is the Business Cycle

question 96

Multiple Choice

What is the business cycle?

• A) the relationship between unemployment and inflation
• B) the irregular fluctuations in economic activity
• C) the positive relationship between the quantity of money in an economy and inflation
• D) the negative relationship between imports and net exports

Understand the concepts of reliability and different types of reliability in psychological testing.

Grasp the concepts of validity and the various forms of validity associated with psychological assessments.

Recognize the significance and roles of diagnosis and assessment in psychological practice.

Identify the characteristics and purposes of various psychological tests and measures.

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Definitions:

False Memories

An inaccurate or distorted recollection of an event that feels very real to the person remembering it.

Imagination Inflation

A phenomenon where vividly imagining an event can increase confidence that the event actually occurred in the past.

Misinformation Effect

A situation where someone's memory of lived experiences is altered inaccurately by details learned after the events took place.

Information-Processing Model

A cognitive approach that likens the mind to a computer, where information is inputted, processed, stored, and then outputted as a response.