Is there a consensus on key macroeconomic issues? What you think are the main areas of both agreement and disagreement in macroeconomics?

Yes, there is a consensus on key issues in macroeconomics. This consensus mostly focuses on bringing to a common understanding of the research findings that have been drawn from the ancient economic studies to match the findings of recent research by Neo-economists.

There is evident skepticism arising from new economists arising from the various propositions and ideas in the economics industry.

The main areas of agreement and disagreement are;

a) Effects of tax policy. Economists agree that there are fluctuations that arise from the imposition of taxes or the lifting of taxes on the behavior of customers in the market because the market reacts to incentives that are actualized by the imposition of taxes.

b) Demand influence by tax changes. Economists also agree that the imposition of major tax fluctuations into an economy can influence its demand either positively or negatively.

Economists, however, do not agree on the magnitude of the impact of the influence that is caused by these changes in taxes and tax policies.

They also do not agree on the efficiency of available economic theories to unveil economical facts, especially when trying to interpret data for use in an economic field in a bid to establish causative factors of economic situations as well their impact on the economy as a whole.