Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
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Question
Chapter 1, Problem 8RQ
To determine
The possibility of two economists agreeing upon the effects of economic policy and having contradictory ideologies on the appeal of the implementation of the same.
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If you were the Prime Minister of the country, would you be more interested in your economic advisers' positive views or
their normative views?
Explain why.
If economics is a positive science, why do economists always disagree?
Discuss a theory of economics that you identify with - how is this theory applied in real world scenarios?
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