In conducting their research, economists face an obstacle that not all scientists face; specifically, in economics, it is often impractical to
a. make use of theory and observation.
b. rely upon the scientific method.
c. conduct laboratory experiments.
d. find articles or books that were written before 1900.
c
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Suppose that money supply growth increases. In the long run, this increases employment according to
a. both the long-run Phillips curve and the aggregate demand and aggregate supply model. b. neither the long-run Phillips curve nor the aggregate demand and aggregate supply model. c. the long-run Phillips curve, but not the aggregate demand and aggregate supply model. d. the aggregate demand and aggregate supply model, but not the long-run Phillips curve
Pair-wise majority voting ________ the criteria of an ideal voting system.
A. meets all of B. fails to meet all of C. fails to meet one of D. fails to meet two of