The ______ Uses Objective and Systematic Collection and Analysis of Empirical

question 12

Multiple Choice

The ______ uses objective and systematic collection and analysis of empirical data to test theories and hypotheses.

• A) scientific method
• B) theory construction
• C) hypothesis formation
• D) statistics

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Definitions:

Fiscal Policy

A government's strategy in managing its taxes and spending to influence the nation's economy.

Nondiscretionary

Relating to expenditure or investment decisions bound by specific rules or criteria, not subject to personal judgment or preference.

Political Negotiations

The process whereby representatives of groups or states with differing interests meet to discuss and attempt to resolve conflicts by reaching agreements.

Federal Reserve

The central banking system of the United States, responsible for setting monetary policy, regulating banks, and seeking to ensure financial stability.