Which of the Following Is an Empirical Question

question 28

Multiple Choice

Which of the following is an empirical question?

• A) "Would Martin Luther King, Jr., have been a good president?"
• B) "What is the meaning of life?"
• C) "Was the Civil War necessary?"
• D) "Is there life on other planets?"

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Definitions:

Expansionary Monetary Policy

Government actions to increase the money supply in an effort to cut the cost of borrowing, which encourages business decision makers to make new investments, in turn stimulating employment and economic growth.

Money Supply

The total amount of monetary assets available in an economy at a specific time.

Cost of Borrowing

The total expenses that a borrower incurs to take out a loan, including interest payments, fees, and any other charges.

Cyclical Unemployment

People who are out of work because of a cyclical contraction in the economy.