It is ________ to empirically test alternative macroeconomic models against one another ________ macroeconomic models differ in ways that are hard to standardize.
A) pointless; because
B) difficult; because
C) relatively easy; even though
D) impossible; because
Correct Answer:
Verified
Q284: Competing macroeconomic models may be hard to
Q285: Most empirical testing in macroeconomics uses data
Q286: Because people may change how they react
Q287: SInce 1950, the United States has experienced
Q288: Any test of rational expectations is a
Q289: A problem with comparing macroeconomic models is
Q290: It is difficult to empirically test alternative
Q291: It is difficult in economics to perform
Q292: There is very little disagreement when it
Q294: Too much data is available to test
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