Macroeconomic forecasts from different computer models are usually Very different because the models are based on different data sets, different assumptions, and different macroeconomic theories.Very similar because the models use the same data, and standardized assumptions so it does not matter whether a supply-side economist or a Keynesian economist conducts the research.Very similar because the models must conform to high government regulatory standards.About the same because political objectives never conflict with good economic policies.Very different because it is impossible to determine who funded the research.

In an economy, when using different computer models or economic models, it can be seen that they use…

Answered: Macroeconomic forecasts from different…

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter18: The Keynesian Model

Section: Chapter Questions

Problem 1SQ

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Macroeconomic forecasts from different computer models are usually

Very different because the models are based on different data sets, different assumptions, and different macroeconomic theories.
Very similar because the models use the same data, and standardized assumptions so it does not matter whether a supply-side economist or a Keynesian economist conducts the research.
Very similar because the models must conform to high government regulatory standards.
About the same because political objectives never conflict with good economic policies.
Very different because it is impossible to determine who funded the research.

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