Dynamic models:
A) describe how the model's equilibrium changes as the result of a change in one variable.
B) are not appropriate for analyzing globalization's effects on economic growth.
C) trace the economy's path of adjustment as it moves from one equilibrium to another.
D) describe the one-time changes that result from some outside variable's one-time change.

Question

Quizplus · Accepted Answer

Dynamic models trace the economy's path of adjustment as it moves from one equilibrium to another.

Dynamic Models