A model that does not allow variables to change over time is referred to as a
A)static model.
B)dynamic model.
C)partial-equilibrium model.
D)general-equilibrium model.

Question

Quizplus · Accepted Answer

A static model is one in which variables are assumed to be constant and do not change over time. This type of model is useful for analyzing short-term or immediate effects of particular policies or events.

A Model That Does Not Allow Variables to Change Over