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Author Question: It is difficult to empirically test alternative macroeconomic models against one another because (Read 93 times)

hbsimmons88

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on: Apr 19, 2019

Question 1

Which of the following is 
not one of the reasons why it is difficult to empirically test alternative macroeconomic models against one another?


◦ The rational-expectations assumption is difficult to test.
◦ Macroeconomic models differ in ways that are hard to standardize for.
◦ Macroeconomic models cannot be expressed in mathematical terms.
◦ The amount of data available is fairly small.

Question 2

It is difficult to empirically test alternative macroeconomic models against one another because


◦ macroeconomic models do not predict the same outcomes from policies.
◦ macroeconomic models differ in ways that are hard to standardize for.
◦ macroeconomic models cannot be expressed in mathematical terms.
◦ macroeconomic models are always expressed in scientific terms.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by hbsimmons88 on Apr 19, 2019

daiying98

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Reply #1 on: Apr 19, 2019
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hbsimmons88

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Reply #2 on: Apr 19, 2019
Excellent


daiying98

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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