The financial meltdown of 2008-2009:
A) was accurately predicted by an economic model.
B) was due to excessive investment in Internet companies.
C) was the result of the breakup of the European Union.
D) resulted partially from a faulty economic model.
Correct Answer:
Verified
Q2: In constructing a model,economists:
A)might use a computer
Q3: The production possibility frontier illustrates that:
A)the economy
Q4: When building a model,economists:
A)simplify reality to highlight
Q5: An economic model:
A)is useful for explaining past
Q6: A simplified version of reality that is
Q8: A simplified representation that is used to
Q9: The models used in economics:
A)are always limited
Q10: Before 2000,the mortgage-backed securities market was relatively
Q11: A mortgage-backed security is an asset that:
A)only
Q12: The financial crisis of 2008 showed that:
A)models
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