Principles of Macroeconomics 7th Edition

Published by South-Western College
ISBN 10: 1-28516-591-8
ISBN 13: 978-1-28516-591-2

Chapter 2 - Thinking Like an Economist - Questions For Review - Page 35: 10

Answer

Economists sometimes over conflicting advice to policymakers for two main reasons: 1. Economists may disagree about the validity of alternative positive theories about how the world works. 2. Economists may have different values and therefore different normative views about what policy should try to accomplish.

Work Step by Step

Economists sometimes disagree because they have different hunches about the validity of alternative theories or about the size of important parameters that measure how economic variables are related. Because economics is still a young science, there is still a lot to be learned.
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