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:

REM

Rapid Eye Movement, a sleep phase characterized by fast and random movements of the eyes, associated with vivid dreaming and increased brain activity.

Alpha Waves

Brainwave patterns associated with relaxed wakefulness and meditation, typically in the frequency range of 8 to 12 Hz.

Meditating

The practice of focusing one's mind in silent reflection for the purpose of relaxing or spiritual growth.

Hypnotized

The state of having one's attention and consciousness altered by hypnotism, making them more open to suggestion.