Which of the following statements is/are incorrect with regard to the main purpose of economic theory? a) Economic theory aims to capture every detail of a phenomenon under study. b) Economic theory explains how the real economy functions. c) Economic theory aims to predict changes in economic conditions and its impact on the whole economy. d) Economic theory serves as an underpinning for the formulation and analysis of economic policies. a. a and b Ob. a and c c. a only d. a, b, c and d