All of the macroeconometric models currently in use:
A) originate with commercial firms who sell their forecasts to other firms and governments.
B) originate with government or international agencies.
C) are different in structures and assumptions used.
D) originate in Australia.
E) incorporate rational expectations into their predictions.

Question

Quizplus · Accepted Answer

Macroeconometric models differ in their structural assumptions and parameters based on the models' creators and intended use. While some models may be developed by commercial firms or government agencies, this is not a defining characteristic of all macroeconometric models. Additionally, while some models may incorporate rational expectations, this is also not a defining characteristic of all macroeconometric models.

All of the Macroeconometric Models Currently in Use