Question: Respond to Feldstein quote below in paragraph format.... The use of our economic tools may lead to predictions that turn out to be different than

Respond to Feldstein quote below in paragraph format....

"The use of our economic tools may lead to predictions that turn out to be different than what we observe.... When predictions differ from what we observe... it does not mean that the theory is wrong or not useful. Instead, the theory suggests which assumptions should be examined that may have been violated.... When the underlying assumptions are different from the assumptions of a competitive market, a possible role exists for public policy."

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