It Is Difficult to Empirically Test Alternative Macroeconomic Models Against

question 294

Multiple Choice

It is difficult to empirically test alternative macroeconomic models against one another because

• A) macroeconomic models do not predict the same outcomes from policies.
• B) macroeconomic models differ in ways that are hard to standardize for.
• C) macroeconomic models cannot be expressed in mathematical terms.
• D) macroeconomic models are always expressed in scientific terms.

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Definitions:

Justice

The principle of fairness where individuals are treated ethically and without bias, accorded their due rights and punishment.

Fair Distribution

The equitable allocation of resources or opportunities among members of a group.

Non-Maleficence

A fundamental principle in bioethics that obligates healthcare providers to avoid causing harm to patients.

Causing Harm

The act of causing physical, psychological, or emotional injury or damage to individuals or groups.