Why might the fact that private economic forecasters complete to sell their services help to constrain behavioral

Question:

Why might the fact that private economic forecasters complete to sell their services help to constrain behavioral tendencies for too much optimism in projections of real GDP growth? Explain your reasoning.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics Today The Macro View

ISBN: 9780134478760

19th Edition

Authors: Roger LeRoy Miller

See More Books

Question Posted: Jun 23, 2017 08:36 AM

See More Questions

Economist Robert Gordon has written the following: During 1939, more than any other year in the dismal Depression decade, the American economy exhibited every evidence of slipping into a...
Private medical insurance companies sell policies that allow policyholders to make premium payments in exchange for the insurance company paying some or all of the policyholders medical bills. An...
1. ________ was the first president to consciously use fiscal policy to stabilize the economy. 2. Walter Heller was President Lyndon Johnson s chief economic adviser. ________ (True/False) 3. The...
Design a plan to research and select a new or used automobile.
State Gauss's law. Deduce Coulomb's law from Gauss's law thereby affirming that Gauss's law is an alternative statement of Coulomb's law and that Coulomb's law is implicit in Maxwell's equation D = v.
(a) Is CO 2 linear or bent? (b) What hybridization is appropriate for the C atom? (c) Outline a bonding scheme for CO 2 using the hybridization scheme you have suggested. (d) What CO bond order does...
Two sine waves that are out of phase could still have the same two parameters. What are they?
What did beliefs about God and Satan have to do with the witch crazes of seventeenth century, one of which was the Salem witch Trials? What changed to bring about an end to witch trials all over the...
Mountain Goat Cycles has just received a request from the Seattle Police Department to produce 100 specially modified mountain bikes at a price of $558 each. The modifications requested by the...
1. Using Worksheet 12, determine the amount of additional life insurance, if any, that the Kampes should purchase to protect Wendy if Frank should die. 2. Should Wendy purchase an insurance policy?...
In Problem 15-24, what would be the amount of the potential money multiplier that applies to a $100,000 decrease in reserves caused by a Fed open market sale of that amount? How much would the money...
1. What do you suppose might be gained-and by whom-if the Fed were to follow an easily understood rule as a guide for conducting monetary policy? Explain. 2. What do you think might be lost-and by...
Give an example of (a) a non-contractual bailment and (b) an involuntary bailment.
Process BEFORE you DECIDE When confronted with an ethical dilemma and before a decision is made, an individual or group would C onsider all facts, A ssess alternative actions, R eview resources, and...
The following is an alphabetical list of accounts and balances for J. Robinson, proprietorship at June 30, 2024 Accounts Payable $13,300 Notes Payable $31, 800, Accounts Receivable $10, 850 Prepaid...
Crane Company acquired a tract of land containing an extractable natural resource. Crane is required by the purchase contract to restore the land to a condition suitable for recreational use after it...
She earns 20 per hour as a teacher and 30 per hour as a web designer. last week, Ana worked both jobs for a total of 950. how long did Ana work as a teacher and how long did she work as a web...
Financial information is given below Net sales Cost of goods sold Gross profit Operating expenses Administrative expenses Amortization Insurance Marketing and advertising Miscellaneous Rent...
Which of the following do(es) not consist of em waves? a. x-rays b. radar waves c. sound waves d. infrared waves
Shreemaya Hotel in !adore was facing a problem of low demand for its rooms due to off season. The Managing Director (MD) of the hotel, Mrs. Sakina was very worried. She called upon the Marketing...
Suppose that while performing a high-speed wheelie on a motorcycle, Bruno is injured by the intentionally reckless act of an X Entertainment employee. Will a court be likely to enforce the...
What factors would a court consider to determine whether the $1 million liquidated damages provision constitutes valid damages or is a penalty?
Suppose that the contract had no liquidated damages provision (or the court refused to enforce it) and X Entertainment breached the contract. The breach caused the release of the film to be delayed...
s Machine-hours required to support estimated production Fixed manufacturing overhead cost Variable manufacturing overhead cost per machine-hour Required: 1. Compute the plantwide predetermined...
How do visionary leaders navigate the complexities of organizational dynamics to cultivate a culture of innovation and adaptability ? Explain
Finnish Corporation manufactures custom molds for use in the extrusion industry. The company allocates manufacturing overhead based on machine hours. Selected data for costs incurred for Job 532 are...

Why might the fact that private economic forecasters complete to sell their services help to constrain behavioral

Question:

Step by Step Answer:

In contrast to the Federal Reserve private economic forecasters te...View the full answer

Economics Today The Macro View

Students also viewed these Economics questions