Economists' attempts to explain the term structure of interestrates illustrate how economists modify theories to improve them
Fantastic news! We've Found the answer you've been seeking!
Question:
Economists' attempts to explain the term structure of interestrates
illustrate how economists modify theories to improve them whenthey are inconsistent with the empirical evidence.
illustrate how economists continue to accept theories that failto explain observed behavior of interest rate movements.
prove that the real world is a special case that tends to getshort shrift in theoretical models.
have proved entirely unsatisfactory to date.
Expert Answer:
Posted Date:
