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Develop an influence diagram

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Reference no: EM133040233

Economists believe that housing starts depend on interest rates and demographic factors such as population size, family income, and the age of the home-buying population. In addition, interest rates depend on inflation, Federal Reserve policies, and government borrowing. Government borrowing depends on government spending and tax revenues. Develop an influence diagram that illustrates the relationships among these factors.

In addition, add other factors that you believe could be included on the influence diagram.

Reference no: EM133040233

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