Examlex
Match the given equation with one of the graphs.
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Good Theory
A well-substantiated explanation of some aspect of the economic world that can predict outcomes and withstand empirical testing.
Forecasting Ability
The capability to predict future trends, events, or behaviors based on past and current data.
Complex Reality
The concept that reality is composed of many interacting components that can be difficult to fully understand or predict.
Economic Theory
A set of principles and models that attempts to explain the relationships among economic variables and to predict future economic outcomes.
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