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25 August, 22:40

Which best describes the purpose served by economic models withing an economic system

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  1. 25 August, 22:44
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    The answer is: Models identify patterns.

    Model identify patterns is a form of complex system analysis that is made to observe the economic occurrence on smaller scale in order to make a general assumption on economic condition at global level.

    Researchers will use this type of model in order to analyze how a certain economic policy will affect people on different social classes.
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