Most economic model builders would claim that their models
A) include all real-world economic activities
B) portray how the real economy works
C) take into account all the complexities of how people behave
D) contradict the ceteris paribus assumption
E) consider all the important pressing issues people confront

Question

Quizplus · Accepted Answer

Economic model builders aim to create models that portray how the real economy works, simplifying complex real-world phenomena to understand and predict economic behaviors and outcomes.

Most Economic Model Builders Would Claim That Their Models