An Advantage of Using a Heuristic Over an Algorithm Is

question 33

Multiple Choice

An advantage of using a heuristic over an algorithm is ________.

• A) the heuristic ensures a correct answer
• B) the heuristic takes longer and is more accurate
• C) the heuristic can be quicker
• D) the heuristic always works the same way

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Definitions:

Keynesian Economics

An economic theory proposed by John Maynard Keynes, suggesting that government intervention can stabilize economies by managing demand.

Supply-Side

An economic theory that emphasizes the role of production, investment, and innovation in driving economic growth, often advocating for reducing barriers for entrepreneurs and businesses.

Monetarist

An economist who holds the belief that variations in the money supply have major influences on national output in the short run and the price level over longer periods.

Rational Expectations

Rational Expectations is an economic theory suggesting that individuals make decisions based on their rational outlook, available information, and past experiences, accurately forecasting future economic conditions.