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Figure 34-2.On the left-hand graph,MS represents the supply of money and MD represents the demand for money;on the right-hand graph,AD represents aggregate demand.The usual quantities are measured along the axes of both graphs.
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-Refer to Figure 34-2.What is measured along the horizontal axis of the left-hand graph?
Correlated
When two or more variables are related in some manner, indicating that a change in one variable is associated with a change in another.
Predictive Validity
Predictive validity refers to the extent to which a score on a scale or test predicts future behavior or outcomes.
IQ Test
A uniform test intended to evaluate a person's intelligence and cognitive capacities.
Predictive Validity
How well a rating on an examination or metric anticipates subsequent success in a similar endeavor.
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