What are two types of tools that economists use to forecast future economic developments?
A)leading indicators and macroeconometric models
B)direct imputations and indirect attributions
C)visual assessment and global positioning
D)monetary instruments and fiscal instruments

Question

Quizplus · Accepted Answer

Economists use leading indicators and macroeconometric models to forecast future economic developments. Leading indicators are economic factors that change before the economy starts to follow a particular pattern or trend, while macroeconometric models use statistical methods to forecast economic trends based on historical data.

What Are Two Types of Tools That Economists Use to Forecast