For Philosophers Who Define Determinism as Implying Only Predictability on the Basis

question 13

Multiple Choice

For philosophers who define determinism as implying only predictability on the basis of probability,to say that every event is determined means only that

• A) it is not predictable even when we know about earlier conditions.
• B) it is predictable if we know
• Enough about earlier conditions.
• C) past causal conditions cannot be known.
• D) the future is entirely unpredictable.

Recognize the importance of random number generation and intervals in simulation.

Appreciate the capability of simulation to test policy changes without impacting real systems.

Identify the threefold idea behind simulation and its stages.

Acknowledge the variability and unrepeatability issues in simulations that rely on random numbers.

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Definitions:

Nominal GDP

The gross domestic product measured in current prices, without adjusting for inflation.

Money Supply

The overall count of money resources within an economy at a pinpointed moment, incorporating physical currency as well as balances in savings and checking accounts.

Natural Rate of Unemployment

The unemployment rate that arises from all sources except fluctuations in the overall demand for goods and services.

Aggregate Demand Curve

A graphical representation showing the total demand for goods and services in an economy at various price levels, generally illustrating an inverse relationship between the price level and the quantity of output demanded.