Multiple Choice
The purpose of an economic model is to
A) be a complex, exact replica of reality.
B) demonstrate which values and beliefs are best for the economy.
C) explain the behavior of the issue being examined.
D) manage the economy like an automatic pilot.
Correct Answer:

Verified
Correct Answer:
Verified
Q95: Explain the meaning of the phrase "People
Q96: Government intervention in the market is helpful
Q97: Which statement about incentives is TRUE?<br>A) Each
Q98: A recent decision regarding the Federal Reserve's
Q99: Is understanding recessions a macroeconomic or a
Q101: Which is the BEST example of a
Q102: The private market for education can be
Q103: Macroeconomics deals with aggregate variables, and microeconomics
Q104: (Figure: Mileage and Speed by Car Weight)
Q105: Which of these is NOT an example