From 1970 to 2010, as a Fraction of GDP, the Quantity

question 1

Multiple Choice

From 1970 to 2010, as a fraction of GDP, the quantity of money that people and businesses have held has been

• A)changing only as the interest rate changed.
• B)fluctuating erratically.
• C)increasing.
• D)independent of people's use of credit cards.
• E)decreasing.

---

Definitions:

David Wechsler

A psychologist known for developing several widely used intelligence scales, including the Wechsler Adult Intelligence Scale (WAIS).

Understanding of Intelligence

The comprehension of the nature, measurement, and implications of cognitive abilities and processes.

Measured

Measured refers to something that has been quantitatively assessed or determined using specific instruments or criteria.

Army Alpha

A group-administered intelligence test developed for the U.S. Army during World War I to assess recruit literacy and mental ability.