In natural science, when theories fail, as conventional macroeconomics failed in the financial crisis and its aftermath,
Question:
In natural science, when theories fail, as conventional macroeconomics failed in the financial crisis and its aftermath, they are overthrown and replaced by new theories. Why has it been so difficult to overthrow conventional macroeconomics? (All)
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
In natural science there are controlled experiments which allow one to say when a theory has fai...View the full answer
Answered By
Albert Kinara
i am an expert research writer having worked with various online platform for a long time. i also work as a lecturer in business in several universities and college part time and assure you well researched and articulate papers. i have written excellent academic papers for over 5 year and have an almost similar experience experting many clients in different units. bachelor of commerce (finance)
masters in strategic management
phd finance
4.60+
26+ Reviews
48+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
During the financial crisis and recovery, stock market prices first fell by about 55 percent and then rose by about 65 percent. Did investors therefore come out ahead? Explain why not.
-
In a speech in late 2011, President Barack Obama argued, "Probably the single greatest cause of the financial crisis and this brutal recession has been the housing bubble that burst four years ago."...
-
Answer the following questions concisely, giving brief explanations for your answers. Consider what impact the following events would have on the market for athletic shoes. Using supply and demand...
-
At the beginning of compression in a diesel cycle, T = 540 R, P = 30 lbf/in. 2 , and the state after combustion (heat addition) is 2600 R and 1000 lbf/in. 2 . Find the compression ratio, the thermal...
-
Maureen O'Sullivan (2007) stated that research on expert lie detection is "based on three assumptions: 1) Lie detection is an ability that can be measured; 2) This ability is distributed like many...
-
The following information was taken from the annual manufacturing overhead cost budget of Granada Company. Variable manufacturing overhead costs .....$33,000 Fixed manufacturing overhead costs...
-
The Bonferroni adjustment is made by multiplying the P-value by the number of___________________ . In Exercises 3 and 4, fill in each blank with the appropriate word or phrase.
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1 and 2. On September 1, Irene opened a retail store that specializes in sports car...
-
To what extent should an owner of a bar, restaurant, or any other commercial establishment that dispenses alcoholic beverages be legally responsible for any injuries or other adverse consequences...
-
Through Engineering, human achievement continues to advance. Write about your favorite example of engineering in action and what impresses you about it from an Engineering standpoint.
-
Is structural stagnation a Keynesian or a Classical theory?
-
In what way is potential output not purely a physical measure based on the number of workers and existing factories?
-
Match the numbered situations below with one of the following types of audit sampling or sampling risk: (a) Statistical sampling (b) Non-statistical sampling (c) Sampling risk (d) Non-sampling risk...
-
Consider that you have a recorder that is 44 cm long, and that when all finger holes are covered it plays an "F4 " that as you can see in the chart has a frequency of 349 Hz . ( the middle column is...
-
Your friend must make a $1,000 charge on his credit card to pay for car repairs and can only make the minimum payment for the next 3 months. Assume an APR of 15.99% and a required minimum payment of...
-
Suppose an investor faces a risk x that is uniformly distributed over [-1,1]. She is exposed to another risk y (on her labor income) that is independent from x . The payoffs of y are distributed as:...
-
Value = $370,000 Balance = $280,000 Current payment = $2,450 Interest Rate = 6.375% Closing Costs = 2.5% Prepaids = 1% What is the new loan amount/P&I payment/LTV?
-
You are evaluating two passive equity funds Vanguard Small-growth ETF (VBK) and Invesco Trust (QQQ). Both funds' objective is to track the performance of small and growth firms. The information about...
-
A rod of length 3.8 m is hinged at one end, and a force of magnitude F = 10 N is applied at the other (Fig. P8.19).? (a) If the magnitude of the torque associated with this force is 18 N m, what is...
-
Three successive resonance frequencies in an organ pipe are 1310, 1834, and 2358 Hz. (a) Is the pipe closed at one end or open at both ends? (b) What is the fundamental frequency? (c) What is the...
-
What forms do trade adjustment assistance take in the United States? How does such assistance promote support for free trade agreements? Do you think workers who lose their jobs because of changes in...
-
What is offshoring of white-collar service jobs and how does that practice relate to international trade? Why has it recently increased? Why do you think more than half of all the offshored jobs have...
-
What is offshoring of white-collar service jobs and how does that practice relate to international trade? Why has it recently increased? Why do you think more than half of all the offshored jobs have...
-
XYZ Company's 2020 financial statements have the following distributions of the first digits. Digit 1 Frequency 18 15 2345678 5. 0 5 10 6 7 14 8 7 93 What is the Kolmogorov-Smirnov test statistic for...
-
4. The company has provided you the following information with regard to its stock investment acquisition in its initial year of operations: ABC Corp. DEF Inc. H&M Co. Number of Shares acquired 2,000...
-
Question 2 Alan Li, a Singaporean, is employed by Good Luck Ltd (GLL), a company carrying on business in Hong Kong, as a brand manager. He negotiated the terms of his employment with GLL through...
Study smarter with the SolutionInn App