A Problem with Comparing Macroeconomic Models Is That

question 183

Multiple Choice

A problem with comparing macroeconomic models is that

• A) people may change how they react when economic policies are changed.
• B) macroeconomic models do not predict the same outcomes from policies.
• C) macroeconomic models cannot be expressed in mathematical terms.
• D) macroeconomic models must meet government standards for uniformity.

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Definitions:

Function

In mathematics and computer science, it refers to a relation or expression involving one or more inputs and a single output.

Folk

Relating to the traditional art, music, lore, and practices of a community or culture.

Propositional

Pertaining to or involving propositions, which are statements or expressions in logic that can be either true or false.

Prototype Theory

A model of categorization in cognitive science where some members of a category are more central or "prototypical" than others.