What can good assumptions do?

a) cause economists to leave out important variables that make their theories worthless
b) simplify the complex world and make it easier to understand
c) further complicate an already difficult topic
d) allow economists to see the "big picture" instead of only small segments


Ans: b) simplify the complex world and make it easier to understand

Economics

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A contestable market is one where:

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What type of economics would most typically deal with aggregates?

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