Answer
An economic model cannot describe reality exactly because it would be too complicated to
understand. A model is a simplification that allows the economist to see what is truly important.
Work Step by Step
Found in chapter 2
Principles of Macroeconomics 7th Edition
by Mankiw, N. Gregory
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: 3
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