Macroeconomists Cannot Conduct Controlled Experiments, Such as Testing Various Tax

question 7

Multiple Choice

Macroeconomists cannot conduct controlled experiments, such as testing various tax and expenditure policies, because:

• A) it is against the law.
• B) they tried it once and it did not work.
• C) they must make use of the data history gives them.
• D) economists already know the answers that would come out of the experiments.

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Definitions:

Pessimistic Explanatory

A cognitive style where individuals tend to attribute negative events to stable, internal, and global factors.

Hopelessness

A feeling of despair and despondency, often accompanied by a belief that one's situation is impossible to improve.

Chronic Schizophrenia

A long-lasting, severe mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Acute

Refers to conditions or diseases that appear suddenly and are typically severe but brief in duration.