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Economic Models
Economic models are simplified representations of complex economic processes, used to predict future economic activities and policy outcomes.
Government Policies
Strategies and actions taken by the government to influence the economy or address societal issues.
Simplifying Assumptions
Basic assumptions made in economic models to eliminate complex factors and make analysis more manageable, even if they might not fully hold in the real world.
Economic Models
Theoretical constructs that represent economic processes by a set of variables and a set of logical and/or quantitative relationships between them.
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