SELECT ALL THAT APPLY. A good empirical theory should ______.

A. explain a pattern
B. allow a theorist to predict
C. explain what ought to occur
D. account for all exogenous factors

A. explain a pattern
B. allow a theorist to predict

Political Science

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According to Figure 16.2 in your text, what is the relationship between unemployment and inflation?

a. The inflation rate is always higher than unemployment. b. The inflation rate always increases when unemployment increases. c. The inflation rate never declines, regardless of the unemployment rate. d. The unemployment rate is generally higher than the inflation rate.

Political Science

The major institutions of the world economy currently are based on liberal principles of free markets and free trade

Indicate whether this statement is true or false

Political Science