Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
Earthgirl225 Earthgirl225
wrote...
Posts: 128
Rep: 0 0
A year ago
Economists at the Department of Finance in Ottawa employ an economic model that predicts the effects of an increase in the GST. After implementation of the change, suppose researchers find that the empirical data is in conflict with the model's prediction. They are likely to

▸ modify the model in light of this newly acquired empirical knowledge.

▸ modify the prediction in light of the new evidence.

▸ modify the data to suit the definitions and assumptions.

▸ ignore the empirical evidence and continue using the model.

▸ reject the empirical data as faulty because it did not support the theory.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
Read 36 times
1 Reply
Replies
Answer verified by a subject expert
bknyc123bknyc123
wrote...
Posts: 125
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Earthgirl225 Author
wrote...

A year ago
Helped a lot
wrote...

Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
wrote...

2 hours ago
Just got PERFECT on my quiz
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  931 People Browsing
Related Images
  
 426
  
 106
  
 1567
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 249