When economists make predictions using the framework of a given economic model, it is usually based on:
A) personal experiences.
B) cause-and-effect explanations.
C) mathematical abstractions.
D) normative analysis.

Question

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The Answer of When economists make predictions using the framework of a given economic model, it is usually based on:
A) personal experiences.
B) cause-and-effect explanations.
C) mathematical abstractions.
D) normative analysis.

When Economists Make Predictions Using the Framework of a Given