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What the economists often omit in building economic models?
theories is not correct
Why do economists sometimes offer conflicting advice to policymaker?
Economists may offer conflicting advice because there are many schools of economic thought and modelling. Contrary to what many people think, though, economists do often agree on many subjects.
How can politics complicate fiscal policy?
Politicians, and the constituents they claim to represent, often have different policy objectives than economic efficiency. That is, while economists often can and have established models for optimal fiscal policies, their end goals differ from those of politicians, so policy is complicated because groups with different desired outcomes must reach a compromise policy.
What are The two words economists use most often are?
supply and demand
Why do models of complex economic and social system often give poor or inconsistent result?
The data describing current conditions or characteristics might not be complete or accurate
What the economists often omit in building economic models?
theories is not correct
Why do economists sometimes offer conflicting advice to policymaker?
Economists may offer conflicting advice because there are many schools of economic thought and modelling. Contrary to what many people think, though, economists do often agree on many subjects.
How can politics complicate fiscal policy?
Politicians, and the constituents they claim to represent, often have different policy objectives than economic efficiency. That is, while economists often can and have established models for optimal fiscal policies, their end goals differ from those of politicians, so policy is complicated because groups with different desired outcomes must reach a compromise policy.
What are sciences involved in economic botany?
Agriculture and plant patent lawyers are involved in economic botany. Often they are connected to chemistry to create fertilizer, and weed / pest killers. Economists also study plants but with detail on the marketing and production of agricultural products.
What are The two words economists use most often are?
supply and demand
What are the two words most often used by economists are?
supply and demand
The two words most often used by economists are?
Supply and demand.
Why do models of complex economic and social system often give poor or inconsistent result?
The data describing current conditions or characteristics might not be complete or accurate
How often do models wash their hair?
Models wash their hair often, depending on the work they do.
What is the tool that economists often use as a rough measure of a nations prosperity?
Per Capita GDP
Why do economists use graphs?
Economists often use graphs to analyze the choices and trade-offs that people make. Graphs help us see how one value relates to another value.
The group of three economists appointed by the President to provide fiscal policy recommendations is the?
Fiscal policy consists of deliberate changes in government spending and tax collections designed to achieve full employment, control inflation, and encourage economic growth. Discretionary ("active") changes in government spending and taxes are at the option of the Federal government while non-discretionary ("automatic") changes occur without congressional action. Discretionary fiscal policy is often initiated on the advice of the President's Council of Economic Advisers (CEA), a group of three economists appointed by the President to provide expertise and assistance on economic matters.
