Briefly Describe the Following Tasks of Macroeconomists: Forecasting; Analysis; Research;

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The Answer is (a)Forecasting.Macroeconomists develop models to predict the future values of macroeconomic variables in one or more markets.These models are usually based on economic theory but are statistical in form and estimated using macroeconomic data.
(b)Analysis.Macroeconomists analyze changes in macroeconomic policies as well as other changes in macroeconomic market conditions.This analysis is based on economic theory,uses analytic reasoning techniques,and may rely on forecasting models.
(c)Research.The goal of macroeconomic research is to make general statements about how the economy works.Research economists formulate and test theories.
(d)Data development.Macroeconomic data development provides the data needed in macroeconomic research,analysis,and forecasting.Most macroeconomic data are collected and published by the government.

Briefly Describe the Following Tasks of Macroeconomists: Forecasting; Analysis; Research;

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