1 An economic model is a a mechanical machine that replicates the functioning of the economy. b...

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1 An economic model is a a mechanical machine that replicates the functioning of the economy.

b a fully detailed, realistic description of the economy.

c a simplified representation of some aspect of the economy.

d a computer program that predicts the future of the economy.

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Principles Of Microeconomics

ISBN: 125206

8th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N Gregory Mankiw

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Question Posted: Nov 04, 2024 04:00 AM

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1 An economic model is a a mechanical machine that replicates the functioning of the economy. b...

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Principles Of Microeconomics

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