If a Model Fits Reality but Doesn't Generate Testable Predictions,it

question 57

True/False

If a model fits reality but doesn't generate testable predictions,it is of little value to economists.

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Definitions:

Misconduct

Improper or unlawful behavior by an individual, often violating the rules or standards of a profession or organization.

Hydrothermal Rock

A rock that precipitated directly from hot water, either at depth or on the surface.

Metamorphic Rock

A rock changed in the solid state by temperature, pressure, deformation, or chemical reactions that modified a preexisting rock.

Magma

Molten rock, which may or may not contain some crystals, solidified rock, and gas.