If a macroeconomist studying the causes of unemployment asserts that a particular change in technology will cause the rate of unemployment to decrease by ten percent, then this macroeconomist is at which step in the process of developing an economic
model? A) Identify the endogenous variables.
B) Develop a model.
C) Compare the model with the data.
D) Identify the exogenous variables.
E) Conduct prediction and policy analysis.
E
Economics
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In the table above, the number of unemployed people is
A) 2,000. B) 3,000. C) 1,000. D) 1,100. E) 11,000.
Economics
The FDIC fee system encourages depository institutions to
A) make riskier loans than they would otherwise. B) operate their institutions in too conservative a fashion. C) seek only a modest rate of return. D) reject loans that probably would have been profitable.
Economics