Is urban beekeeping a useful indicator of a neighbourhood’s prosperity?
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government policy, policy objectives, economic methodology, macroeconomic policy and growth
At its core, the discipline of economics seeks to uncover genuine causal mechanisms that explain how our economic world functions. How do changes in interest rates affect inflation? Through what channels does education spending transform economic development? What drives wage disparities across regions? To answer these questions, economists must distinguish between correlation and causation – arguably the most important analytical distinction in our discipline.
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