A Simplifying Assumption

question 43

Multiple Choice

A simplifying assumption

• A) affects the important conclusions of an economic model
• B) increases the level of detail in an economic model
• C) makes an economic model a more concrete representation of reality
• D) eliminates unnecessary details from an economic model
• E) limits the validity of an economic model's conclusions

---

Definitions:

Norepinephrine System

A part of the nervous system involving the neurotransmitter norepinephrine, affecting mood, attention, and the fight-or-flight response.

Antipsychotics

A class of medication primarily used to manage psychosis, including disorders such as schizophrenia and bipolar disorder, by altering brain chemistry.

Reliability

A measure of the consistency of test or research results.

Validity

The accuracy of a test’s or study’s results; that is, the extent to which the test or study actually measures or shows what it claims.