An economist conducts a "natural experiment" by
A) choosing two groups of people — a control group and a test group — and providing special treatment for the test group.
B) using animal behavior to make inferences about human behavior.
C) using his or her own intuition to surmise what people will do in a given situation.
D) polling other economists to see if they believe a theory.
E) taking real-world data as it is given, and using it to test a theory.
E
Economics
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The measure of production that values output using base-year prices is called
A) underground GDP. B) nominal GDP. C) real GDP. D) value-added GDP.
Economics
Classical macroeconomists assert that "saving" is the same as "not spending at all"
Indicate whether the statement is true or false
Economics