Comparative static experiments
A)are conducted in social sciences labs.
B)assume the model is in equilibrium.
C)use data to compare empirical results.
D)use economic surveys to analyze economic behaviour.

Question

Quizplus · Accepted Answer

Comparative static experiments assume that the model is in equilibrium before exploring the impact of changing one or more variables. This is a common technique used in economics to analyze how changes in one variable impact other variables in an equilibrium setting. While comparative static experiments may use economic surveys and analyze economic behavior, they are not necessarily conducted in social science labs and typically do not rely solely on data to compare empirical results.

Comparative Static Experiments