Examlex
A good EMC has all of the following qualities EXCEPT:
Theoretical Predictions
Assumptions or forecasts based on existing theories or models about how certain conditions will influence outcomes in specific scenarios.
Behavioral Assumptions
The hypotheses or beliefs about how individuals make economic decisions, often based on their psychological characteristics.
Economic Models
Simplified representations of complex economic processes, used to predict or analyze economic behaviors and outcomes.
Hypothesis
A proposed explanation made on the basis of limited evidence as a starting point for further investigation.
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