Ideal randomized controlled experiments in economics are
A) often performed in practice.
B) often used by the Federal Reserve to study the effects of monetary policy.
C) useful because they give a definition of a causal effect.
D) sometimes used by universities to determine who graduates in four years rather than five.
Answer: C
You might also like to view...
The possibility that unanticipated policy changes are an important source of output fluctuations is most consistent with ________
A) traditional Keynesian theory B) new Keynesian theory C) real business cycle theory D) institutionalist theory
Which of the following characteristics is generally representative of developed countries relative to developing countries?
A. a lower rate of literacy B. a lower infant mortality rate C. a larger percentage of the labor force in rural areas D. lower productivity in the agriculture sector