When Keynesians Argue That "Correlation Does Not Necessarily Imply Causation

question 10

Multiple Choice

When Keynesians argue that "correlation does not necessarily imply causation," they are probably criticizing

• A)structural-model evidence.
• B)reduced-form evidence.
• C)indirect-model evidence.
• D)black-box evidence.

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Definitions:

Iceberg Analogy

A metaphor often used to describe situations where the observable part of something is only a small portion of its whole.

Consciousness

The awareness of oneself and one's environment, including thoughts, feelings, and sensations.

Preconscious Mind

Part of Freud's psychic apparatus, containing thoughts and feelings not currently in consciousness but can be brought to consciousness.

General Information

Broadly refers to facts, data, or knowledge about a wide range of topics or subjects.