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Can Granger causality produce false positive or false negative results?
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- The idea that standard economic model is a good predictor of behavior if people have sufficient time to learn is the __________preference hypothesis.In the real world, countries use a mixture of economic systems. Group of answer choices True. False.Why is the economic indicator “consumer sentiment” relevant for making successful policy decisions?
- Political biases have no impact on an economist’s opinions? True or FalseIn what sense is the individual considered a “producer” of health in the Grossman model?Which of the following is INCORRECT regarding the reasons why we continue to study the Malthusian trap, even though evidence shows that it is not currently relevant? (a)Because many people still believe it holds in poor countries today, and the model should be understood to motivate effective debate. (b)Because the model focuses on the microeconomics of family size decision making in which individual levels of living become the principal determinant of a family’s decision to have more or fewer children. (c)Because such traps have occurred in the past and may have been factors in population collapses. (d)The fact that this model no longer applies underlines the importance of factors that can prevent its emergence.
