The financial crisis 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
Q1: Use the following to answer question:
Q2: In constructing a model,economists:
A)might use a computer
Q3: The production possibility frontier illustrates that:
A)the economy
Q5: An economic model:
A)is useful for explaining past
Q6: Use the following to answer questions:
Q9: The models used in economics:
A)are always limited
Q12: The financial crisis of 2008 showed that:
A)models
Q15: Use the following to answer question:
Q17: The models that economists construct:
A)usually make simplifying
Q19: Use the following to answer question:
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