If the Theory Behind an Economic Model Fits the Data

question 15

Multiple Choice

If the theory behind an economic model fits the data only moderately well,you would probably want to

• A)use the theory to predict what would happen if the economic setting or economic policies change.
• B)start from scratch with a new model.
• C)enrich the model with additional assumptions.
• D)restate the research question.

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Definitions:

Distraction Technique

A psychological method used to divert an individual's attention away from negative or distressing thoughts or feelings.

Behavioral Therapy

A type of psychotherapy that aims to change potentially self-destructing behaviors through the use of learning techniques.

Anxiety

A feeling of worry, nervousness, or unease typically about an imminent event or something with an uncertain outcome.

Cognitive Therapy

A type of psychotherapy that treats mental health conditions by addressing negative patterns of thought.