An Oil Price Increase Would

question 224

Multiple Choice

An oil price increase would

• A) increase aggregate demand.
• B) decrease short-run aggregate supply.
• C) decrease aggregate demand.
• D) increase short-run aggregate supply.

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Definitions:

Predictive Validity

Involves the extent to which a test or measure accurately predicts future performance or outcomes.

Construct Validity

The extent to which a selection tool measures a theoretical construct or trait

Concurrent Validity

The extent to which the results of a particular test or measurement correspond to those of a previously established test or measurement conducted at the same time.

Content Validity

A measure of whether a test or tool covers a comprehensive range of relevant aspects of the subject it aims to assess.