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Philosophy 103: Introduction to Logic
Test: Symbolic Logic

Topic: Theory Construction in Economics

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SYMBOLIC LOGIC  ANSWERS

 

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Part I: Truth Value Analysis.  Suppose the following states of affairs exist:

  • P  #  liquidity preference remains constant (true)
  • Q  #  quantity of money increases (true)
  • R  #  rate of interest falls (false)
  • S  #  savings increase (true)
  • T  #  marginal efficiency of capital terminates (false)
  • U  #  investment opportunities are used up (true)
  • V  #  aggregate investment value increases (false)

Would these truth-value assignments falsify any of Professor Usurer's first three laws?

CONTINUE TO PART II:  ARGUMENT FORMS

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