_____ Is a Prediction That Focuses on One Independent Variable

question 56

Multiple Choice

_____ is a prediction that focuses on one independent variable at a time, ignoring all other independent variables.

• A) A main effect hypothesis
• B) An interaction effect hypothesis
• C) A suppression effect
• D) A crossover interaction

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Definitions:

Positive Economics

An approach to economics that seeks to understand behavior and the operation of systems without making judgments. It describes what exists and how it works.

Normative Economics

An approach to economics that analyzes outcomes of economic behavior, evaluates them as good or bad, and may prescribe courses of action. Also called policy economics.

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.

Unemployment

The state of being without a job despite actively looking for work, measured as a percentage of the labor force.