Economic Policy of the government is often based on
A) microeconomic models.
B) educated guessing.
C) intuitive reasoning.
D) hints.

Question

Quizplus · Accepted Answer

Economic policy of the government involves complex macroeconomic issues that cannot be predicted based on intuition or hints. Therefore, it is based on microeconomic models that provide a scientific approach to economic decision-making. Educated guessing and intuitive reasoning may have some role in policy-making, but they are not the primary basis for economic policy.

Economic Policy of the Government Is Often Based on