Which of the Following Is Most Commonly Used to Monitor

question 3

Multiple Choice

Which of the following is most commonly used to monitor short-run changes in economic activity?

• A)the inflation rate.
• B)real GDP.
• C)interest rates.
• D)value of the U.S.dollar in the foreign exchange market.

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Definitions:

Integrated Set

A collection of elements or principles that are combined in a way that they work together effectively.

Ideology

A systematically interrelated set of beliefs whose primary function is explanation. It circumscribes thinking, making it difficult for the holder to escape from its mould.

Paradigm

A distinct set of concepts or thought patterns, including theories, research methods, postulates, and standards for what constitutes legitimate contributions to a field.

Acquiescent Response Set

Tendency to agree with items in an attitude questionnaire. This leads to an ambiguity in interpretation if a high score on an attitude questionnaire can be obtained only by agreeing with all or most items.