If the Price Level Rises Above What Was Expected and Nominal

question 51

Multiple Choice

If the price level rises above what was expected and nominal wages are fixed,then

• A)production becomes less profitable so firms will hire fewer workers.
• B)production becomes less profitable so firms will hire more workers.
• C)production becomes more profitable so firms will hire fewer workers.
• D)production becomes more profitable so firms will hire more workers.

---

Definitions:

Bender Visual-Motor Gestalt Test

The oldest and most commonly used of neuropsychological assessments often used to screen children for neuropsychological impairment. The test consists of a series of nine cards containing lines and shapes drawn in black on a piece of white cardboard. Children are asked first to copy the images on another card and then to draw them from memory. Errors in reproducing these lines and shapes may indicate neurological problems.

False Positives

Incorrect test results indicating the presence of a condition or substance when it is not actually present.

Standardized Scoring

A process of quantifying test or assessment results according to prescribed norms and procedures to ensure comparability.

Construct Validity

The validity of a test assuming a specific theoretical framework that relates the item the test measures, often rather abstract, to some other item that is more easily assessed. If the two sets of measurements correlate, the test is said to have construct validity.