When Studying the Effects of Public Policy Changes,economists

question 13

Multiple Choice

When studying the effects of public policy changes,economists

• A)always refrain from making assumptions.
• B)sometimes make different assumptions about the short run and the long run.
• C)consider only the direct effects of those policy changes and not the indirect effects.
• D)consider only the short-run effects of those policy changes and not the long-run effects.

---

Definitions:

Mutually Exclusive

A condition where two events cannot both occur at the same time, often used in statistics and probability theory.

Remedies

The methods used to uphold a right or address and remedy the infringement or breach of a right.

Cumulative

Describing something that increases or accumulates over time by successive additions.

Replevy

Replevy is a legal process whereby seized goods are returned to their owner upon posting security, usually in situations where goods were wrongfully taken or retained.