Which statement below best illustrates the "art," rather than the "science" of macroeconomics?
A)Macroeconomic data provides the motivation for new macroeconomic theory.
B)Macroeconomic relationships can be expressed using symbols and equations.
C)Macroeconomists must determine which simplifying assumptions give misleading results.
D)Graphs and charts can be used to illustrate the history of macroeconomic variables.

Question

Quizplus · Accepted Answer

The "art" of macroeconomics involves making judgments about which assumptions are appropriate and which may lead to misleading conclusions, requiring intuition and experience beyond just scientific analysis.

Which Statement Below Best Illustrates the "Art," Rather Than the "Science