What Are the Correct Order of the Basic Steps of the Scientific

question 2

Multiple Choice

What are the correct order of the basic steps of the scientific method? ​

• A)observe --> predict --> hypothesize --> experiment --> interpret
• B)observe --> hypothesize--> predict --> experiment --> interpret
• C)hypothesize --> predict --> experiment --> observe --> interpret
• D)hypothesize --> observe --> predict --> experiment --> interpret
• E)predict --> hypothesize --> experiment --> observe --> interpret

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Definitions:

Nominal Variables

Variables measured in monetary units that have not been adjusted for inflation, reflecting current prices.

Money Demand

The desire to hold cash or liquid assets based on transactional, precautionary, and speculative needs.

Price Level

The comprehensive mean price across all goods and services in the current economy.

Classical Dichotomy

A concept in economics that separates real variables, which are quantities or measures not adjusted for inflation, from nominal variables, which are adjusted for inflation.