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Politicians and Macroeconomics

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Do you think politicians understand macroeconomics? Please give an example to illustrate your answer.

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Solution Summary

The solution briefly discusses whether the politicians understand macroeconomics along with an example.

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Politicians, in general are from different backgrounds and need not necessarily understand the implications of their actions on macroeconomics. However, it becomes extremely important for them to fully understand macroeconomics, as it plays a major role in the voting process. Hence they are forced to learn its effects and how to utilize it to serve their benefits. They exploit their knowledge on macro economic policies to ...

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