Because People May Change How They React When Economic Policies

question 35

Multiple Choice

Because people may change how they react when economic policies are changed, comparing macroeconomic models is

• A) difficult.
• B) impossible.
• C) not attempted by legitimate economists.
• D) only effective for long-run analysis.

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Definitions:

Strong Acid

An acid that completely dissociates in solution, releasing a high concentration of hydrogen ions.

NaOH

Sodium Hydroxide, a strong base used in chemical manufacturing, paper making, and as a drain cleaner.

HCl

Hydrochloric acid, a diatomic molecule consisting of hydrogen and chlorine; a strong, corrosive acid commonly used in a variety of industrial and laboratory processes.

Molality

A metric indicating the amount of solute per unit weight of solvent, calculated in moles of solute per kilogram of solvent.