How is economic research similar to the research in other branches of science?
Economists use the same principles that guide the research in other branches of science like physics and chemistry. Economists combine their factual knowledge, data, and logic to build models and derive hypotheses from them that can be tested against reality.
Economics
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The Fed has the least degree of discretion and the least to do under a policy rule setting
A) the growth rate of money. B) the growth rate of high-powered money. C) the Federal funds rate. D) nominal GDP.
Economics
As the time to respond to a change in market conditions increases, the odds of supply being elastic: a. Increase
b. Decrease. c. Stay the same. d. Cannot be determined.
Economics