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Author Question: Which of the following statements correctly differentiates between a model and a hypothesis? A) ... (Read 110 times)

luvbio

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on: Jun 30, 2018
Which of the following statements correctly differentiates between a model and a hypothesis?
 
  A) Testing a hypothesis does not require data, whereas testing a model requires data.
  B) A model is a simplified representation of reality, whereas a hypothesis is a model's predictions.
  C) A hypothesis can be used to make predictions for the future, whereas a model can only explain the past.
  D) Testing a model requires data, whereas testing a hypothesis does not require data.

Question 2

The aggregate demand curve will shift to the left if
 
  A) government expenditures increase.
  B) people are more optimistic about their future.
  C) the nation's exports decrease.
  D) a reduction in the price level pushes down borrowing costs.
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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kingdude89

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


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