How Did the Assumptions Made by Scientists in the Modernist

question 3

Multiple Choice

How did the assumptions made by scientists in the modernist era differ from those of Enlightenment-era scientists?

• A) Modernist scientists believed they had found the key to controlling nature.
• B) Modernist scientists thought in terms of probabilities rather than certainties.
• C) Modernist scientists relied more on received tradition than had Enlightenment scientists.
• D) Modernist scientists found their inspiration within the theories of Newton and Galileo.

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Definitions:

GDP Gap

The difference between the actual GDP and the potential GDP of an economy, indicating under-utilization or over-utilization of resources.

Government Bonds

Financial securities issued by a government to finance its budget deficits and various public sector projects.

Discount Rate

The interest rate charged by central banks for short-term loans to commercial banks, influencing monetary policy and economy liquidity.

Required Reserve Ratio

The fraction of deposits that a bank is legally required to hold as reserves, either in its own vaults or with a central bank.