We could try to use a powerful computer to construct a macroeconomic model including tens of thousands of demand and supply curves,for every market in the economy.This would not be a useful undertaking because
A) it would not be worth the increased level of complication and effort needed to collect all information
B) the model would be simplistic
C) the model would inevitably leave out important information
D) the suggested prices would inevitably be wrong in each market
E) the model would not be realistic
Correct Answer:
Verified
Q46: Microeconomics involves the analysis of smaller,less developed
Q47: Over the past 90 years or so,the
Q48: The inflation rate
A) explains how prices are
Q49: Aggregation is important in macroeconomics because
A) it
Q50: Q52: Aggregation is important because it allows macroeconomists Q53: In macroeconomics, Q54: When we study macroeconomics,
A) we study one market at
A) we model tens
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