What good are macroeconomists? Few would argue that we should throw out all the macroeconomists....

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What good are macroeconomists?  Few would argue that we should throw out all the macroeconomists. However, in terms of policymaking, it is debatable whether or not macroeconomists have made a substantial contribution to policymaking. What are macroeconomists able to do reasonably well? What can macroeconomists not do very well? How would you grade macroeconomics as a successful science on a scale from A to F? 
	
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Robert · Accepted Answer

1. Show that a monopolist will never produce on the inelastic portion of the demand curve and 
provide an explanation. 
A monopoly firm or industry never produce and sell on the inelastic portion of the demand 
curve. The reason for this decision is that the marginal revenue at the inelastic portion of the 
demand curve is negative.

What good are macroeconomists? Few would argue that we should throw out all the macroeconomists. However, in terms of policymaking, it is debatable whether or not macroeconomists have made a...

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