Economists use ________ to forecast economic activity and to evaluate policy options.
A) macroeconometric models
B) educated guesses
C) cost-benefit analysis
D) constrained discretion
Question 2
Activists believe that ________.
A) frictions to the self-correcting mechanism of markets prevent prices and wages from being very flexible
B) it takes a very long time to reach the long run
C) Keynes was right with his statement in the long-run, we are all dead
D) all of the above
E) none of the above