Discussion Post: Macroeconomic
Economists represent consumer preferences using a utility function and assume they always need to make trade-offs when making choices. Behind this model of choice are assumptions about the way people make choices and the world. Choose one of these assumptions and provide a criticism of this assumption and a defense of it. Overall, should economist keep using this assumption?
The response must include a reference list. Using one-inch margins, double-space, Times New Roman 12 pnt font and APA style of writing and citations.