A ________ model is one that describes how ________.
A) structural; the economy works
B) structural; prices change
C) simple; the economy works
D) analytical; prices change

Question

Quizplus · Accepted Answer

A structural model is one that describes how the economy works, which fits with the description of the question. The other options are either too general (simple model) or overly specific (analytical model focused solely on prices).

A ________ Model Is One That Describes How ________

A Model Is One That Describes How