Economists evaluate an economic model based on
A. the results of the model.
B. the testability of the implications of the model by empirical analysis.
C. data availability.
D. the consistency of the assumptions with the Classical model.
Answer:B
Economists evaluate an economic model based on
A. the results of the model. B. the testability of the implications of the model by empirical analysis. C. data availability. D. the consistency of the assumptions with the Classical model.