Multiple Choice
If a macroeconomist studying the causes of unemployment finds that,historically,changes in technology seem to have caused between five and 15 percent of changes in unemployment,then this macroeconomist is at which step in the process of developing an economic model?
A) Identify the exogenous variables.
B) Identify the endogenous variables.
C) Develop a model.
D) Compare the model with the data.
E) Conduct prediction and policy analysis.
Correct Answer:
Verified
Correct Answer:
Verified
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