Principles of Macroeconomics 7th Edition

Published by South-Western College
ISBN 10: 1-28516-591-8
ISBN 13: 978-1-28516-591-2

Chapter 2 - Thinking Like an Economist - Questions For Review - Page 35: 2

Answer

Economists make assumptions to simplify problems without substantially affecting the answer. Assumptions can make the world easier to understand.

Work Step by Step

Found in chapter in the section where it discusses about economists' mindsets.
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