Add to Chrome
✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.
Read the following statements and select the correct one(s).
A model is an economic relationship that is only represented by mathematics.
Equilibrium in GDP growth rate is when the growth rate is zero.
Equilibrium is a self-perpetuating situation that does not change, unless a force for change is introduced from the outside and alters the basic data describing the situation.
A model is an exact representation of what goes on in the economy.
Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!