The purpose of an economic model is to
A) be a complex, exact replica of reality.
B) demonstrate which values and beliefs are best for the economy.
C) explain the behavior of the issue being examined.
D) manage the economy like an automatic pilot.

Question

Quizplus · Accepted Answer

The purpose of an economic model is to explain the behavior of the issue being examined, not necessarily to replicate reality exactly, promote certain values or manage the economy automatically.

The Purpose of an Economic Model Is to