If the theory behind an economic model fits the data poorly, you would probably want to
A) use the theory to predict what would happen if the economic setting or economic policies change.
B) start from scratch with a new model.
C) enrich the model with additional assumptions.
D) restate the research question.
B
Economics
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A drug dealer earned $85,000 during a year by selling illegal drugs. His income will:
A) cause the GDP of his country to increase. B) not affect the calculation of his country's GDP. C) cause the GDP of his country to decrease. D) lead to an increase in his country's exports.
Economics
The slope of the IS curve will be flatter the __________ is the sensitivity of investment to a unit change in the interest rate and the __________ is marginal propensity to save
A) greater; larger B) greater; smaller C) less; larger D) less; smaller
Economics