An Example of an Economic Model Is

question 136

Multiple Choice

An example of an economic model is

• A)a predicted change in the price of a stock.
• B)the rate of teenage unemployment.
• C)an explanation of crime rates based on unemployment rates and prison sentences.
• D)a forecast of next year's unemployment and inflation rates.

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Definitions:

Immediate Goal

An objective or target that is intended to be achieved in the very near future, serving as a stepping stone towards longer-term aspirations.

Vision

An aspirational description of what an individual, company, or society aims to achieve or become in the future.

Elliot Jacques

A British psychoanalyst and management consultant known for his theories on corporate hierarchy and organizational structure.

Time Horizons

The intended duration over which an individual, project, or investment is expected to be evaluated or engaged.