A Constraint to Complicated Macroeconomic Models Has Been

question 109

Multiple Choice

A constraint to complicated macroeconomic models has been:

• A) an insufficient understanding of statistics.
• B) that economists have run out of ideas.
• C) that firms do not maximize profits.
• D) that the models are complicated and challenging to solve.
• E) that agents are not rational.

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Definitions:

Basal Ganglia

A group of nuclei in the brain involved in coordinating movement as well as learning, behavior, and emotions.

Corticospinal Tract

A pathway in the central nervous system that conducts impulses from the brain to the spinal cord, controlling voluntary muscle movements.

Extrapyramidal Tract

A network of neurons in the brain involved in the coordination and control of motor functions, particularly those responsible for involuntary movements.

Myelin

A fatty substance that encases and insulates nerve fibers, speeding up electrical impulses between neurons and crucial for proper nervous system functions.