During the early months of the Covid-19 pandemic, some people wondered why biologists seemed unable to...

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During the early months of the Covid-19 pandemic, some people wondered why biologists seemed unable to answer many questions about the virus, including why children appeared rarely to become ill, why men were more likely than women to die from the virus, and why there was great uncertainty about whether some existing pharmaceuticals would be effective in treating the disease. What are some of the similarities between the problems biologists faced in understanding Covid-19 and the problems economists face in predicting recessions? A. Predicting which variables are important in advance without data is impossible. B. Too many variables exist that affect the ability to quickly make accurate predictions. C. Both require a lot of trial and error since good data is not available in advance D. Lags exist between the time a policy is enacted and when you see results from that policy. E. All of the above. During the early months of the Covid-19 pandemic, some people wondered why biologists seemed unable to answer many questions about the virus, including why children appeared rarely to become ill, why men were more likely than women to die from the virus, and why there was great uncertainty about whether some existing pharmaceuticals would be effective in treating the disease. What are some of the similarities between the problems biologists faced in understanding Covid-19 and the problems economists face in predicting recessions? A. Predicting which variables are important in advance without data is impossible. B. Too many variables exist that affect the ability to quickly make accurate predictions. C. Both require a lot of trial and error since good data is not available in advance D. Lags exist between the time a policy is enacted and when you see results from that policy. E. All of the above.

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The detailed answer for the above question is provided below E All of the above The problems faced b... View the full answer