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Economic Models as Simplified Representations
To understand the complex economy, economists use simplified models, which can be thought of as maps. These models are not meant to be perfectly realistic but are designed to highlight the most important components of the economy, such as its main actors and the flows of goods and services that connect them.
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Introduction to Macroeconomics Course
Ch.1 The supply side of the macroeconomy: Unemployment and real wages - The Economy 2.0 Macroeconomics @ CORE Econ
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