In building models,economists avoid making any assumptions that might leave out any aspect of reality.

Name: In building models,economists avoid making any assumptions that might leave out any aspect of reality.
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Quizplus · Accepted Answer

While economists aim to include as many aspects of reality as possible in their models, they must still make assumptions in order to simplify the complexity of the real world. These assumptions may leave out certain aspects of reality for the sake of creating a manageable model.

In Building Models,economists Avoid Making Any Assumptions That Might Leave