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Select the BEST Statement About Economic Models

Question 89

Multiple Choice

Select the BEST statement about economic models.


A) An economic model will be discarded if its predictions are often in conflict with the facts.
B) An economic model must always be correct in its predictions or it must be discarded.
C) All economic models are false.
D) An economic model should not generate predictions about actual events in the real world, since it discusses only abstract events.

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