Scientific conclusions are_________________?
Correct answer: A. relative to time and place of study and subject to revision
- A. relative to time and place of study and subject to revision
- B. absolute truths for all times
- C. universally accepted
- D. personal opinions of important scholars
Explanation
Scientific conclusions depend on the evidence, conditions and methods of a study, so later evidence can modify or revise them. They are therefore not absolute truths or merely personal opinions.
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About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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