Which of the Following Kind of Checks Is a Validity

question 68

Multiple Choice

Which of the following kind of checks is a validity check on data like that in the accompanying figure, which determines whether a number is within a specified group of numbers?

• A) group
• B) numeric
• C) range
• D) integer

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Definitions:

Long-Run Phillips

An economic concept suggesting that there is no long-term trade-off between inflation and unemployment, contrary to the short-run Phillips curve.

Monetary Neutrality

The concept that changes in the money supply only affect nominal variables, like prices, not real variables like output or employment in the long term.

Classical Dichotomy

The theoretical separation of nominal and real variables

Short-Run Phillips

A theoretical framework that implies a short-term inverse correlation between inflation rates and unemployment levels.