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Which of the following is true about the field of economics? Economics can correctly predict when a recession is coming and how long it will

Which of the following is true about the field of economics?

  • Economics can correctly predict when a recession is coming and how long it will last
  • Economics is commonly broken into Labor Economics and Consumer Economics
  • Economics as a field of study was introduced during the Industrial Revolution and has not changed over time
  • Economics is a social science that intersects with other fields of study

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