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What three measures of the money supply are discussed in this chapter and what does each measure include?
Scientific Method
A systematic procedure for collecting and analyzing evidence that involves observation, hypothesis formation, experimentation, and conclusion drawing.
Psychology
The scientific study of the mind and behavior, encompassing various aspects of human experience, cognition, and emotion.
Empirical Claims
Claims that can be true or false depending on the facts.
Prove
To demonstrate the truth or existence of something through evidence or argument.
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