When economists make predictions using the framework of a given economic model,it is usually based on
A) personal experiences.
B) important relationships between particular variables.
C) mathematical abstractions.
D) political implications.
E) the profit-maximizing objectivE.

Question

Quizplus · Accepted Answer

Economists use models to understand and predict economic behavior by analyzing the relationships between key variables, such as supply and demand, interest rates, and inflation.

When Economists Make Predictions Using the Framework of a Given