Author Question: Econometrics can be defined as follows with the exception of A) the science of testing economic ... (Read 90 times)

KWilfred · **on:** Jun 29, 2018

Econometrics can be defined as follows with the exception of

A) the science of testing economic theory.
B) fitting mathematical economic models to real-world data.
C) a set of tools used for forecasting future values of economic variables.
D) measuring the height of economists.

Question 2

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.