Which of the following is not true about macroeconomic models?
A)They are based on theories of macroeconomic behavior.
B)They are mathematical summaries of the economy's performance.
C)They attempt to identify key determinants of macro performance.
D)They tend to agree with each other about how the economy works.

Question

Quizplus · Accepted Answer

Macroeconomic models can differ in their underlying assumptions and methods, leading to varying conclusions about how the economy works. Therefore, they do not always agree with each other about how the economy works.

Which of the Following Is Not True About Macroeconomic Models