Science is justified through heuristic models.
Answer the following statement true (T) or false (F)
False
Heuristic models can be entertaining, but they don't necessarily help people learn new things in a scientific sense. The mere fact that a conclusion seems to follow logically from an anecdote does not mean that conclusion is true.
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Changing the rate at which the central bank makes loans counts as:
A) fiscal policy. B) monetary policy. C) neither fiscal nor monetary policy. D) both fiscal and monetary policy.
The concept of demand as used in economic theory expresses the relationship between the quantity of a good people will want to purchase and
A) the price of complementary goods. B) the price of that good. C) the supply of substitute goods. D) the supply of that good. E) their welfare overall.