If a macroeconomist studying the causes of unemployment asserts that a particular change in technology will cause the rate of unemployment to decrease by ten percent,then this macroeconomist is at which step in the process of developing an economic model?
A) Identify the endogenous variables.
B) Develop a model.
C) Compare the model with the data.
D) Identify the exogenous variables.
E) Conduct prediction and policy analysis.
Correct Answer:
Verified
Q1: Which statement is true of an exogenous
Q2: A simple macroeconomic model might explain how
Q4: Macroeconomics is the study of _ while
Q5: In a macroeconomic model designed to explain
Q6: If a macroeconomist studying the causes of
Q7: Macroeconomic models particularly focus on the following
Q8: An exogenous variable is typically _.
A)calculated by
Q9: Macroeconomics is the study of _ while
Q10: An exogenous variable is typically _.
A)not considered
Q11: An endogenous variable is typically _.
A)taken as
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