The Information-Aggregation Problem Faced by the Top Layers of Government

The information-aggregation problem faced by the top layers of government can make it hard for the high-level officials to:

A) Discern the prices of specific goods and services in the economy
B) Comprehensively assess the marginal costs and benefits of specific programs
C) Monitor the incomes of individual firms and households
D) Estimate the total amount of spending incurred by the government

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