The General Pattern of Thought That Is Accepted by the Majority

question 46

Multiple Choice

The general pattern of thought that is accepted by the majority of scientists at a particular point in time is referred to as a

• A) methodology
• B) theory
• C) paradigm
• D) consensus

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Definitions:

Borrowing

The act of obtaining funds from another party with the agreement to repay, typically with interest.

Sell Bonds

The act of disposing of bonds in exchange for cash before they mature.

Company

An organization or entity engaged in commercial, industrial, or professional activities, either for-profit or nonprofit.

Fisher Effect

An economic theory proposing that the real interest rate is independent of monetary measures, particularly the nominal interest rate and expected inflation.