The income-expenditure model is best used for short-run analysis of economic fluctuations.

Name: The income-expenditure model is best used for short-run analysis of economic fluctuations.
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The income-expenditure model is designed to analyze short-run economic fluctuations, as it focuses on the relationship between aggregate income and spending over a relatively short period of time. It is not intended to provide insights into long-term growth or structural changes in the economy.

The Income-Expenditure Model Is Best Used for Short-Run Analysis of Economic