To be useful, macroeconomic models
A)never generate testable hypothesis.
B)must be extremely realistic.
C)must be complete, accurate descriptions of the world.
D)provides a lot of intricate details.
E)must be simple.

Question

Quizplus · Accepted Answer

Macro-economic models need to strike a balance between being detailed enough to capture the main features of the economy and simplistic enough to make them feasible to use. Too much complexity can make them unwieldy and impossible to apply to real-world situations.

To Be Useful, Macroeconomic Models