Business, 22.01.2020 04:31 austintules2005

Economic models are:
a. simplified versions of reality designed to analyze "what is" to explain human decision making in any context.
b. simplified versions of reality designed to analyze "what ought to be" to the government improve outcomes.
c. simplified versions of reality designed to analyze "what is" to explain human decision making in a business context.
d. complex mathematical formulas designed to forecast future economic events such as inflation.
e. complex mathematical formulas designed to identify optimal market outcomes and guide policymakers.

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Economic models are:
a. simplified versions of reality designed to analyze "what is" to expl...

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