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QUESTION 3 In informal terms, an economic model is a statement about: how assumptions affect conclusions. O how economic variables are believed to be related

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QUESTION 3 In informal terms, an economic model is a statement about: how assumptions affect conclusions. O how economic variables are believed to be related to each other. the relationships among the product, labour, and capital markets. O the relationship between microeconomics and macroeconomics. O how conclusions affect assumptions

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