Which of the following is most likely correct about economists?
a. Economists do not determine the answer to the problem first and then draw the graph to illustrate.
b. Economists do not use the graph of the theory to determine the answer.
c. Economists determine the answer to the problem first and then draw the graph to illustrate.
d. Economists identify multiple potential answers and then graph each one to determine the correct answer.
a. Economists do not determine the answer to the problem first and then draw the graph to illustrate.
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A condition necessary for a country to achieve economic growth is
A) high tax rates so the government can purchase a lot of capital equipment. B) strict environmental regulations. C) economic freedom. D) government control of the banking system. E) democracy.
At a given point in time, if the demand for money increases: a. the interest rate will fall
b. there will be a movement downward along the money demand curve. c. there will be a movement upward along the money demand curve. d. there will be a rightward shift of the money demand curve. e. there will be a leftward shift of the money demand curve.