Because models are used to explain economic behavior
A) the assumptions must be complex while the models themselves are simple.
B) models must be complex.
C) models must be simple.
D) models can be either simple or complex so long as it explains economic behavior.

Question

Quizplus · Accepted Answer

Models in economics can vary in complexity based on what they aim to explain or predict. The key is that they effectively capture and explain economic behavior, regardless of their complexity.

Because Models Are Used to Explain Economic Behavior