Making Observations in a Systematic Manner to Test Hypotheses and Refute

question 47

Multiple Choice

Making observations in a systematic manner to test hypotheses and refute or develop a theory is known as

• A)systematic empiricism.
• B)the principle of falsifiability.
• C)pseudoscience.
• D)public verification.

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Definitions:

Rational Expectations

The hypothesis that individuals form forecasts about the future based on all available information, including historical data and predictions about future policy actions.

Government Policy Makers

Individuals or groups within the government responsible for developing, implementing, and amending policies and regulations.

Aggregate Demand Curve

A graphical representation showing the relationship between the overall price level in the economy and the total demand for goods and services at that level.

Expected Price Level

The anticipated average price of goods and services in an economy at a future date.