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Making Use of an Economic Model Is a Process of

Question 5

Multiple Choice

Making use of an economic model is a process of


A) running experiments to determine how changes in the endogenous variables will change the exogenous variables.
B) resolving inconsistencies in the actions of economic agents.
C) running experiments to determine how changes in the exogenous variables will change the endogenous variables.
D) determining how a closed economy is linked to an open economy.
E) solving hundreds of simultaneous equations.

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