Which statement below best illustrates the "art," rather than the "science" of macroeconomics?
A) Macroeconomic data provides the motivation for new macroeconomic theory.
B) Macroeconomic relationships can be expressed using symbols and equations.
C) Macroeconomists must determine which simplifying assumptions clarify our thinking and which mislead us.
D) Graphs and charts can be used to illustrate the history of macroeconomic variables.

Question

Quizplus · Accepted Answer

The process of determining which assumptions to use is subjective and requires judgment and creativity, which are characteristics of art rather than science. The other options involve more objective and quantitative methods that are closer to science.

Which Statement Below Best Illustrates the "Art," Rather Than the "Science