How econometric models describe the behavior of the economy


Problem

1. Discuss how econometric models describe the behavior of the economy

2. Explain the difference between the price level and the rate of inflation.

3. Identify three major price indexes.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How econometric models describe the behavior of the economy
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