If a Macroeconomist Studying the Causes of Unemployment Finds That,historically,changes

question 77

Multiple Choice

If a macroeconomist studying the causes of unemployment finds that,historically,changes in technology seem to have caused between five and 15 percent of changes in unemployment,then this macroeconomist is at which step in the process of developing an economic model?

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

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Definitions:

Personality Characteristics

Traits and qualities that describe an individual's consistent behaviors, thoughts, and feelings.

Stable

Characterizing something that is unchanging, consistent, or not easily disturbed or upset over time.

Actor-observer Effect

The tendency to attribute one's own actions to external causes while attributing other people's behaviors to their internal characteristics.

External

Outside of or existing beyond the self or the entity it refers to, often used in contrast with internal.