Economic theory attempts to

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    Explain all the intricate workings of the economy.
     Provide step-by-step analyses of the decision making processes of firms, workers, consumers and investors.
     Explain observed events and make predictions using mathematical models of worker, consumer, firm and investor decision making processes.
     Use mathematical models to correctly explain the step by step processes workers, consumers, firms and investors use to make decisions regardless of the models explanatory or predictive powers..
asked May 30, 2013 in Economics by anonymous
    

1 Answer

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Explain observed events and make predictions using mathematical models of worker, consumer, firm and investor decision making processes.
answered May 31, 2013 by Xyz ~Expert~ (3,650 points)

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