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Explain Two Reasons Why Economic Forecasting Can Only Be of Limited

question 38

Essay

Explain two reasons why economic forecasting can only be of limited use.


Definitions:

Avoidance-Avoidance Conflict

A psychological conflict that occurs when a person must choose between two equally unattractive options.

Acceptance Letter

A formal document sent by an organization, such as a college or company, confirming someone's acceptance into a program, position, or institution.

Stress

A physical or emotional response to perceivable challenges or threats, affecting the body's homeostasis.

Frustration

The emotion of irritation or frustration stemming from the incapacity to alter or accomplish a certain goal.

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