Asked by Frank sweet II on Jul 16, 2024
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Just like other scientific models, economic models simplify reality using
Economic Models
Economic models are simplified representations of the complex realities of economic activities to predict future economic behavior and outcomes.
- Gain insight into the utilization and intent of economic models for the explanation of real-world occurrences.
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KW
Learning Objectives
- Gain insight into the utilization and intent of economic models for the explanation of real-world occurrences.