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Economic models Group of answer choices are constructed to mirror reality as closely as possible, and in this respect economic models are no different from

Economic models

Group of answer choices

are constructed to mirror reality as closely as possible, and in this respect economic models are no different from other scientific models.

are constructed to mirror reality as closely as possible, and in this respect economic models are very different from other scientific models.

are simplifications of reality, and in this respect economic models are no different from other scientific models.

are simplifications of reality, and in this respect economic models are very different from other scientific models.

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