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The Aggregate Expenditures Model and the Aggregate Demand Curve Can

question 214

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The aggregate expenditures model and the aggregate demand curve can be reconciled because,other things being equal,in the aggregate expenditures model:

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Definitions:

Internal Consistency Reliability

A measure of how well the items on a test measure the same construct or concept.

Content Validity

The extent to which a test measures all facets of the concept it is intended to assess.

External Validity

The extent to which the results of a study can be generalized to other situations, populations, or settings.

Alternate Form Reliability

A measure of consistency where different versions of a test produce similar results, indicating the test’s reliability over time.

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