One reason why economists often appear to disagree when asked about the impact of some bad economic news is that
A) they do not understand the economy very well
B) economics is a very difficult science,and so there are many incorrect economic projections being made
C) economists rarely disagree;people just think they are disagreeing because they do not understand the language of economics
D) economists often appear to be disagreeing when one is talking about long-run impact while the other is referring to short-run impacts
E) economists are by nature competitive individuals and they often disagree

Question

Quizplus · Accepted Answer

Economists may disagree because they are referring to different time frames. For example, one economist may be considering the short-term impact of a policy on employment, while another economist may be looking at the long-term impact on economic growth. It is important to consider the time frame being discussed when interpreting economic analysis or projections.

One Reason Why Economists Often Appear to Disagree When Asked