Economic models are
A) complex representations of reality.
B) not related to real-world observations.
C) used by teachers but not policymakers.
D) updated as new real-world data become available.
E) rarely reevaluated.

Question

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The Answer of Economic models are
A) complex representations of reality.
B) not related to real-world observations.
C) used by teachers but not policymakers.
D) updated as new real-world data become available.
E) rarely reevaluated.

Economic Models Are