Applying the analysis from the California test scores to another U.S. state is an example of looking for
A) simultaneous causality bias.
B) external validity.
C) sample selection bias.
D) internal validity.
Answer: B
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Data confirms that the quantity theory of money:
A) holds only in the short run. B) holds in the long run. C) holds both in the long run and the short run. D) does not hold either in the short run or in the long run.
The aggregate supply curve of an economy shows the relationship between the: a. price level and the total number of goods that consumers buy during a given period of time
b. goods that are not purchased during a given period and the wealth created during the given period of time. c. amount of investment spending and the market interest rate of an economy. d. price level and the quantity of all goods sellers are willing and able to provide during a given period of time.