Which of the following questions should a successful model predict?
i. How do changes in government policies change the labor market?
ii. How does money supply influence inflation?
iii. How does investment affect economic growth?
A) ii only
B) i, ii, and iii
C) iii only
D) i and ii
E) i and iii

Question

Quizplus · Accepted Answer

A successful model should be able to predict the relationships between various economic factors and outcomes. All three questions are important economic relationships that a successful model should be able to predict.

Which of the Following Questions Should a Successful Model Predict