Every economic model should include money as a variable.This statement is
A) true, because every transaction in the economy uses money.
B) true, because the federal reserve is very important.
C) false, because some transactions in the economy are accomplished without money.
D) false, because a model can get unnecessarily complex if it includes money.

Question

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The Answer of Every economic model should include money as a variable.This statement is
A) true, because every transaction in the economy uses money.
B) true, because the federal reserve is very important.
C) false, because some transactions in the economy are accomplished without money.
D) false, because a model can get unnecessarily complex if it includes money.

Every Economic Model Should Include Money as a Variable