Making Use of an Economic Model Is a Process of

question 25

Multiple Choice

Making use of an economic model is a process of

• A) solving hundreds of simultaneous equations.
• B) running experiments to determine how changes in the endogenous variables will change the exogenous variables.
• C) running experiments to determine how changes in the exogenous variables will change the endogenous variables.
• D) resolving inconsistencies in the actions of economic agents.

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