Who Is Associated with the Following Summary of the Economic

question 109

Multiple Choice

Who is associated with the following summary of the economic way of thinking: "The theory of economics does not furnish a body of settled conclusions immediately acceptable to policy.It is a method rather than a doctrine,an apparatus of the mind,a technique of thinking which helps its processor draw correct conclusions."

• A) John Maynard Keynes
• B) Alfred Marshall
• C) Adam Smith
• D) President Harry Truman

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Definitions:

Regression Analysis

A statistical method to determine the relationship between a dependent variable and one or more independent variables.

Greek

Pertaining to Greece, its people, language, or culture.

Multiple Regression

The use of several influencing variables in statistics to project the output of a specific response variable.

Prediction

Prediction involves the use of statistics or models to forecast future events based on current or past data.