Each of the following is a fundamental step that almost every successful construction of a macroeconomic model follows except

Question

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The use of representative agents (A), careful attention to the effect of people's expectations on events (C), and a focus on the opportunity costs in undertaking agents' decisions (D) are fundamental steps in constructing a macroeconomic model. However, focusing on the nominal costs involved in undertaking agents' decisions (B) is not typically a fundamental step, as macroeconomic models often emphasize real costs and opportunity costs over nominal costs.

Each of the Following Is a Fundamental Step That Almost