The four steps,and in the following order,are used to study macroeconomic behavior:
(1)document the facts;
(2)use the model to make other predictions that may eventually be tested;
(3)compare the predictions of the model to the original facts;
(4)develop a model.

Question

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The correct order is: (1) document the facts; (2) develop a model; (3) compare the predictions of the model to the original facts; (4) use the model to make other predictions that may eventually be tested.

The Four Steps,and in the Following Order,are Used to Study