A scientist who is studying earthquakes includes the impact of wind when performing some tests of damages to structures. This is an example of
A) failing to understand how to do scientific methodology.
B) irrational behavior in noneconomic situations.
C) accounting for every possible phenomena that may effect the problem under examination.
D) failing to hold all other things constant.
D
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Taxes that enhance economic efficiency will have a better chance of passing through Congress than less efficient tax reforms. _____
a. This is probably enough to produce an efficient tax system b. This is not enough to produce an efficient tax system c. This shows special interests have no impact. d. This shows that many government officials act in the public interest.
An increase in investment can lead to a greater increase in aggregate demand if the value of the spending multiplier is: a. greater than 1
b. less than 1 but more than zero. c. negative. d. exactly equal to zero. e. exactly equal to one.