Which of the following groups of economic forecasters have been able to forecast "turning points" when the economy turned up or down?
A)forecasters at the Fed
B)forecasters in branches of the government other than the Fed
C)forecasters at private firms
D)none of the above
E)all of the above

Question

Quizplus · Accepted Answer

Economic forecasting, especially predicting turning points in the economy, is notoriously difficult and uncertain. Historically, no specific group of forecasters, whether from the Federal Reserve (the Fed), other government branches, or private firms, has consistently and accurately predicted these turning points.

Which of the Following Groups of Economic Forecasters Have Been