Abstraction is unnecessary when economic analysis is done properly.
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Q51: Abstraction ignores many details in order to
Q52: Abstraction can lead to gross distortions of
Q53: Productivity growth is the main cause of
Q54: Economists are often required to make unrealistic
Q55: In economics, abstraction from reality is necessary
Q57: Over the past century, the main factor
Q58: Attempts by the government to reduce the
Q59: Unemployment and inflation are important determinants of
Q60: The Phillips curve illustrates the trade-off between
Q61: A theory is an explanation of the
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