Macroeconomists Cannot Conduct Experiments in the Manner of Physicists or Chemists,because

question 49

Multiple Choice

Macroeconomists cannot conduct experiments in the manner of physicists or chemists,because

• A)macroeconomic subjects such as business cycles are very complex.
• B)macroeconomists are not allowed to run experiments on human and firm subjects.
• C)macroeconomists do not have access to the labs used in physics and chemistry.
• D)results of macroeconomic experiments are not reliable.

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Definitions:

Public Values

Principles or standards regarded as important and beneficial by the general public or society at large.

New Public Management

A management philosophy used by governments since the 1980s to modernize and render public service more efficient by adopting private sector management practices.

Centralization

The concentration of control, authority, or decision-making power in a central group or location, often at the higher levels of an organization or government.

Privatization

The transfer of ownership of property or businesses from the government to private individuals or organizations.