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Professor Simpkins designs a self-report measure to assess his students' perceptions of a lesson plan. In one section he lectures on the course material. In another section of the same course he supplements his lecture with a class activity. Then, his students rate the educational value of the class. Unfortunately, he doesn't learn anything about the distinction between lecturing and active learning, because both classes rated the education value as a three (very educational) on a scale from one to three. What is wrong with Professor Simpkins' research?
Microeconomics
The branch of economics that focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders.
Macroeconomics
The branch of economics that studies economic phenomena at a national, regional, or global level, including issues like inflation, unemployment, economic growth, and monetary and fiscal policy.
Unemployment Rate
The share of the workforce that's currently not employed but is actively looking for jobs.
Nominal NNP
The Gross National Product measured at current market prices, without adjusting for inflation.
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