Asked by Ashley Hewett on Jun 06, 2024
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Macroeconomists test their theories using controlled economy-wide experiments of various kinds.
Macroeconomists
Macroeconomists specialize in the study of the economy as a whole, focusing on broad phenomena like inflation, unemployment, and national income.
Economy-Wide Experiments
Experimental approaches that investigate the outcomes of economic theories and policies on a broad scale, encompassing an entire economy.
Theories
Systematic sets of ideas intended to explain facts or phenomena, often forming the basis for further investigation or experiments.
- Understand the boundaries and viewpoints of macroeconomic theories along with their methods of evaluation.
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Learning Objectives
- Understand the boundaries and viewpoints of macroeconomic theories along with their methods of evaluation.
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