discussion board
what are the flaws of economic profession?
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Discussion question
1.Why do you think the economist got it so wrong in predicting the recession?
2.What are some of the arguments of Keynes in managing our economy?
3.what are the flaws of economic profession?
what are some of the flaws in arguments aggressive fiscal policy?
One of the flaws of GDP is that it:
A) Includes only transactions that take place informal businesses.
B) Ignores transactions that do not take place in organized markets.
C) Includes measures of the underground economy.
D) Includes measures of changes of life associated with producing output.
