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A Model That Incorporates Time and Uncertainty in Which Prices

Question 36

Multiple Choice

A model that incorporates time and uncertainty in which prices, wages, and interest rates adjust to bring all markets to equilibrium and which allows economic agents to make decisions in their own interest is known as​


A) ​A dynamic, stochastic, general­equilibrium model
B) ​A structural macroeconomic model
C) ​A business­cycle model
D) A statistical model

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