Question

Law 2 states, __________. Law 2 recognizes that in the near term, the factors that affect the forecast variable are not likely to change greatly.

Answer 1

Law 2 recognizes that in the near term, the factors that affect the forecast variable are not likely to change greatly.

Step-by-step explanation:

In economics, Law 2 recognizes that in the near term, the factors that affect the forecast variable are not likely to change greatly. This means that, in the short run, certain assumptions can be made about the stability of certain factors when predicting outcomes.