What made Lawrence Klein stand out in the field of economics?
His unique fashion sense
His appearance in a popular TV show
His creation of econometric models
His numerous guest columns in newspapers
Answer
Lawrence Klein was an economist who made a name for himself in the field of economics through his creation of econometric models. These models are used to estimate the relationships between different economic variables, and they have been used to predict economic outcomes and inform policy decisions.
Mastering Macro: The Legacy of Lawrence Klein
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