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Binet's early work on measuring intelligence was undertaken in connection with the needs of -
Classical Economists
Economists and thinkers primarily from the 18th and 19th centuries, such as Adam Smith, David Ricardo, and John Stuart Mill, who focused on developing theories about the workings of market economies.
Quantity Theory of Money
An economic theory which proposes that the amount of money in an economy is directly proportional to the level of economic activity.
Sophisticated Version
An advanced or complex form of something, often referring to technology, systems, or methodologies.
Rational Expectationists
Economic theorists who believe individuals make predictions based on available information and in a way that errors cancel out over time.
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