Which of the Following Is Not One of the Reasons

question 148

Multiple Choice

Which of the following is not one of the reasons why it is difficult to empirically test alternative macroeconomic models against one another?

• A) The rational-expectations assumption is difficult to test.
• B) Macroeconomic models differ in ways that are hard to standardize for.
• C) Macroeconomic models cannot be expressed in mathematical terms.
• D) The amount of data available is fairly small.

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Definitions:

Bushels

A unit of volume that is used primarily in the United States for quantifying the volume of agricultural commodities like grains.

Profit

The income earned when the total revenue from business activities is higher than the combined expenses, costs, and taxes necessary for those activities.

Proportions

The relationship between parts and a whole in terms of size, quantity, or degree.

Factor 2

A component or element that contributes to a particular result or situation.