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I don't get it! Macro (and Micro) Economics are based on this perfect world of if everyone acted in exactly the way they expect them to then X would happen. But it almost NEVERhappens that way. Policy is based on this junk. Economic stimulus checks as an example ASSUME that eveyone will spend their check on junk- tvs, clothes, etc.- NOT bills or savings. How does this theory work since people DO NOT act in the manor in which macro assumes they do? Also thinking about GDP and all of its problems in calculation. Please tell me how Macro can be defended and why it should be taught in schools- required even (by most business schools at least).thanks.
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