Why can macroeconomic models be useful

Reference no: EM131403034

1. Should a macroeconomic model be an exact description of the world? Explain why or why not.

2. What are the five elements that make up the basic structure of a macroeconomic model?

3. Why can macroeconomic models be useful? How do we determine whether or not they are useful?

Reference no: EM131403034

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