If a Macroeconomist Studying the Causes of Unemployment Suspects That

question 38

Multiple Choice

If a macroeconomist studying the causes of unemployment suspects that changes in technology might play a role,then this macroeconomist is at which step in the process of developing an economic model?

• A)Identify the exogenous variables.
• B)Identify the endogenous variables.
• C)Compare the model with the data.
• D)Conduct prediction and policy analysis.
• E)Develop a model.

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Definitions:

Authoritarian

Characterized by strict obedience to authority at the expense of personal freedom.

Goals and Policies

Objectives or targets that are aimed to be achieved, and the principles or rules that guide the actions to reach these goals.

Major Plans

Comprehensive strategies or sets of intentions designed to achieve significant goals or outcomes, usually requiring considerable resources and effort.

Trait Approach

A theory of leadership that suggests certain qualities or characteristics make an individual a natural leader.