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Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950Essentials of Economics 7th Edition by Gregory Mankiw
Edition 7ISBN: 978-1285165950 Exercise 17
An economic model is
A) a mechanical machine that replicates the functioning of the economy.
B) a fully detailed, realistic description of the economy.
C) a simplified representation of some aspect of the economy.
D) a computer program that predicts the future of the economy.
A) a mechanical machine that replicates the functioning of the economy.
B) a fully detailed, realistic description of the economy.
C) a simplified representation of some aspect of the economy.
D) a computer program that predicts the future of the economy.
Explanation
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Verified
Economic modeling refers to a rational, ...
Essentials of Economics 7th Edition by Gregory Mankiw
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