To say that economists use the scientific method means that they are using. OA an ongoing process to develop models of the world and then test and evaluate those models. OB. a method to develop recommendations for policy makers to run economies. OC. a process to develop models that are intended to exactly represent all the details of a system. OD. a method to determine the best course of action for fiscal and monetary policy. How do economists distinguish between models that work and those that don't? OA They have their models reviewed by other economists. OB. They program their models into computers to test via simulation. Oc. They test their models against real-world data. OD. They publish their model results in academic journals.

To say that economists use the scientific method means that they are using. OA an ongoing process to develop models of the world and then test and evaluate those models. OB. a method to develop recommendations for policy makers to run economies. OC. a process to develop models that are intended to exactly represent all the details of a system. OD. a method to determine the best course of action for fiscal and monetary policy. How do economists distinguish between models that work and those that don't? OA They have their models reviewed by other economists. OB. They program their models into computers to test via simulation. Oc. They test their models against real-world data. OD. They publish their model results in academic journals.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter1: What Is Economics

Section1.3: What Do Economists Do?

Problem 4R

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