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

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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: 9780357133484

9th Edition

Authors: N Gregory Mankiw

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Question Posted: Jan 27, 2024 11:01 PM

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

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Principles Of Microeconomics

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