1 is a maybe; need to think about how monopsony power and general equilibrium effects interact 2 is unpersuasive; different labour market regs are different 3 is something i've already priced in 4 idk anything about macroeconomics but interestinghttps://www.econlib.org/archives/2013/03/the_vice_of_sel.html …
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ok aristotle
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the baseline predictions are the directional responses of price and quantity in response to changes in supply or demand, and they're so consistently met that it's almost trivial to list them sadly this means most of the attention goes to weird edge cases like potatoes in famines
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wait so is empirical economics good or bad
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