If a Macroeconomist Studying the Causes of Unemployment Asserts That

question 12

Multiple Choice

If a macroeconomist studying the causes of unemployment asserts that a particular change in technology will cause the rate of unemployment to decrease by ten percent,then this macroeconomist is at which step in the process of developing an economic model?

• A)Identify the endogenous variables.
• B)Develop a model.
• C)Compare the model with the data.
• D)Identify the exogenous variables.
• E)Conduct prediction and policy analysis.

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Definitions:

Program

A set of coded instructions that tells a computer how to run a task, or an organized plan or schedule of activities.

Political Science

The academic discipline that studies governments, public policies, political processes, political behavior, and ideas about governance.

Liberal

In politics, a viewpoint or ideology favoring policies that emphasize individual freedoms, social justice, and the need for government intervention to achieve these goals.

Moderate

Neither extreme nor excessive, often referring to views, conditions, or amounts that are reasonable or average.