EBK STUDY GUIDE FOR MANKIW'S PRINCIPLES
7th Edition
ISBN: 9781337509848
Author: Mankiw
Publisher: VST
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Question
Chapter 2, Problem 3QR
To determine
The reality of economic models.
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Should an economic model describe reality exactly?
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Chapter 2 Solutions
EBK STUDY GUIDE FOR MANKIW'S PRINCIPLES
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- Why do you think economic models are important in econometric?arrow_forwardHow does Homo Economicus influence economic models? Describe an argument against using Homo Economicus as the basis of economic theory.arrow_forwardWhy is it important for us to use models when studying economics?arrow_forward
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