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Economic models​ are: a. simplified versions of reality designed to analyze​ "what ought to​ be" to help the government improve outcomes. b. simplified versions of reality designed to analyze​ "what is"
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Economic models​ are:

a. simplified versions of reality designed to analyze​ "what ought to​ be" to help the government improve outcomes.

b. simplified versions of reality designed to analyze​ "what is" to explain human decision making in a business context.

c. complex mathematical formulas designed to identify optimal market outcomes and guide policymakers.

d. complex mathematical formulas designed to forecast future economic events such as inflationinflation.

e.

User Comanitza
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C is the correct answer to the question.
User Alexander Beninski
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