Which of the following is correct?
A) Correlation and causation are synonyms.
B) Shortly after a new president is elected into office,the unemployment rate goes down.One must conclude that the new president's economic policies are responsible for the economic upturn.
C) The fact that two variables are correlated with each other does not mean that one causes the other.
D) If two variables move together,then they are causally related.
Correct Answer:
Verified
Q75: Macroeconomics is concerned about the broader issues
Q116: Microeconomics looks at how markets are structured.
Q180: Economics is only about money.
Q198: An increase in the price of gold
Q200: An example of a microeconomics question would
Q203: The assumption that people will act in
Q204: "How do interest rates influence employment?" is
Q244: A rich person does not experience scarcity.
Q253: It is impossible to have a conflict
Q255: Macroeconomics focuses on decisions made for the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents