Ideal Randomized Controlled Experiments in Economics Are

question 5

Multiple Choice

Ideal randomized controlled experiments in economics are

• A)often performed in practice.
• B)often used by the Federal Reserve to study the effects of monetary policy.
• C)useful because they give a definition of a causal effect.
• D)sometimes used by universities to determine who graduates in four years rather than five.

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Definitions:

Homeostasis

The process by which biological systems maintain a stable internal environment despite changes in external conditions.

Control Center

A central part of a system, such as the brain in the human body, that regulates the body's responses to stimuli and maintains homeostasis.

Pancreas

The pancreas is a glandular organ in the digestive and endocrine system that produces enzymes and hormones, including insulin, to regulate blood sugar levels.