Economists Tell Stories

question 2

Multiple Choice

Economists tell stories:

• A)in order to breathe life into economic theory and personalize abstract ideas.
• B)because economics is an art,not a science.
• C)as a way of rigorously testing economic theory.
• D)because doing so is a required part of the scientific method.
• E)to show how their theory can predict at least one real-world situation.

Recognize the utility of brainstorming and mind mapping in the idea generation and organization process.

Identify strategies for minimizing message distortion in communication.

Understand the key factors that contribute to successful cultural and organizational change.

Identify strategies to overcome resistance to organizational change.

---

Definitions:

Federal Reserve Board

The governing body of the Federal Reserve System, the central banking system of the United States, responsible for setting monetary policy, regulating banks, and ensuring the stability of the financial system.

U.S. Government

The federal government of the United States, a republic consisting of three branches: legislative, executive, and judicial, established by the Constitution to govern the country.

Unemployment

The condition of being jobless and actively looking for work, typically measured as a percentage of the labor force.

Federal Reserve Board

The governing body of the Federal Reserve System, responsible for overseeing the United States' central banking system.