Which One of the Following Is Not a Major Role

question 22

Multiple Choice

Which one of the following is not a major role of a theory?

• A) to organize knowledge
• B) to explain laws
• C) to predict new laws
• D) to describe behavior

---

Definitions:

Aggregate Demand

The holistic demand encompassing all goods and services in an economy, quantified at a set price level over a fixed time frame.

Permanent Income

The average annual income an individual expects to earn over their lifetime.

Fiscal Policy

A government's strategy for managing its budget, including taxation and spending decisions, to influence the economy.

Aggregate Demand Curve

A graphical representation showing the overall demand for goods and services in an economy at various price levels.