Which of the Following BEST Describes Macroeconomics

question 50

Multiple Choice

Which of the following BEST describes macroeconomics?

• A) It is not a social science because its predictions cannot be tested.
• B) It examines how the choices that individuals make affect governments.
• C) It analyses the aggregate effects on the national economy of the choices made by individuals, firms and governments.
• D) Proving causation is never a problem for macroeconomics.
• E) It studies the choices that individuals and businesses make when coping with scarcity

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Definitions:

Proven

Demonstrated to be true or effective through empirical evidence or logical reasoning.

Scientific Paradigm

A framework containing all the commonly accepted views about a subject, a set of assumptions, concepts, values, and practices that constitutes a way of viewing reality for the community that shares them, especially in an academic discipline.

Accepted View

The commonly or widely held belief or opinion on a particular matter.

Field Experiments

Research studies conducted in natural settings outside the laboratory to investigate the effect of variables in real-world conditions.