Consider the following statement: Economic models use many simplifying assumptions. Thus they do not apply to the

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Consider the following statement: “Economic models use many simplifying assumptions. Thus they do not apply to the more complex events in the real world.” Do you agree or disagree with this statement? Explain your answer.

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Macroeconomics

ISBN: 9780132109994

1st Edition

Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty

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Question Posted: Feb 04, 2016 06:34 AM

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Consider the following statement: Economic models use many simplifying assumptions. Thus they do not apply to the

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To conclude I can say that False or uncertain A...View the full answer

Macroeconomics

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