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Why do economists make assumptions

Principles of Economics | 6th Edition | ISBN: 9780538453059 | Authors: N. Gregory Mankiw ISBN: 9780538453059 472

Solution for problem Questions for Review 2.2 Chapter 2

Principles of Economics | 6th Edition

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Principles of Economics | 6th Edition | ISBN: 9780538453059 | Authors: N. Gregory Mankiw

Principles of Economics | 6th Edition

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Problem Questions for Review 2.2

Why do economists make assumptions?

Step-by-Step Solution:

Step 1 of 2

Economic assumptions are the basis behind the formulation of several economic models. These assumptions are made by the economists after considering and observing the market trends and the economic environment.

Step 2 of 2

Chapter 2, Problem Questions for Review 2.2 is Solved
Textbook: Principles of Economics
Edition: 6
Author: N. Gregory Mankiw
ISBN: 9780538453059

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Why do economists make assumptions