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The Bretton Woods system had been built on the condition that the US inflation rate had to be continuously high.
Face Validity
The extent to which a test appears to measure what it is supposed to measure, based on a subjective judgment and general impressions.
Content Validity
The extent to which a test measures all aspects of the concept it intends to assess.
Criterion Validity
An attribute of a test, when it gives higher scores to people already known to have greater ability in the area it tests. The concept arises because some qualities are easier to recognize than to define completely, such as artistic ability.
Construct Validity
A measure of how well a test or experiment measures up to its claims or theoretical assumptions.
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