Questions: Question 3 (2 points)
The Council of Economic Advisors attempts to predict future economic conditions.
True
False
Question 4 (2 points)
Transcript text: Question 3 (2 points)
The Council of Economic Advisors attempts to predict future economic conditions.
True
False
Question 4 (2 points)
Solution
Answer
The answer is True
Explanation
The Council of Economic Advisers (CEA) is a U.S. government agency that provides the President with economic analysis and advice on the development and implementation of a wide range of domestic and international economic policy issues. One of its key functions is to predict future economic conditions to inform policy decisions. This involves analyzing data, identifying trends, and forecasting economic indicators such as GDP growth, unemployment rates, and inflation. Therefore, the statement that the Council of Economic Advisers attempts to predict future economic conditions is true.