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How did the international monetary system influenced macroeconomic policy-making and performance during the gold standard era (1870-1914)?
Confound
To cause confusion by mixing up or failing to distinguish between different elements or variables.
Masked Variable
A variable that influences a study's outcome indirectly by affecting other variables, not easily identifiable.
Placebo
A substance with no therapeutic effect, used as a control in testing new drugs or used to induce psychological benefits purely through belief.
Matched Pair
A study design element where subjects are paired based on specific characteristics, ensuring that each pair is as similar as possible except for the variable under investigation.
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