Question: Economic models are: A . complex mathematical formulas designed to forecast future economic events such as inflation. B . simplified versions of reality designed to

Economic models are:
A. complex mathematical formulas designed to forecast future economic events such as inflation.
B. simplified versions of reality designed to analyze "what ought to be" to help the government improve outcomes.
C. simplified versions of reality designed to analyze "what is" to explain human decision making in any context.
D. complex mathematical formulas designed to identify optimal market outcomes and guide policymakers.
E. simplified versions of reality designed to analyze "what is" to explain human decision making in a business context.
Economic models are: A. complex mathematical formulas designed to forecast future

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