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Because the Quantity Theory of Money Tells Us How Much

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Because the quantity theory of money tells us how much money is held for a given amount of aggregate income,it is also a theory of


Definitions:

Construct Validity

The extent to which a test may be said to accurately and thoroughly measure a particular construct or trait.

Construct Validity

The extent to which a test or instrument measures the theoretical construct or concept it is intended to measure.

Statistical Analyses

The collection of methods used to process, interpret, and draw conclusions from collected data.

Accurate Measurement

The degree to which a measurement reflects the true value of the attribute it is intended to measure.

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