What macroeconomic model describes reality most accurately?

Economics Dec 14, 2020

Expert Solution

The different macroeconomic models somehow relate themselves with the macroeconomic policies of the economy as well as the governments. The main findings of these models could be about a demand shock, inflation, unemployment levels, macroeconomic policies and many more.

Therefore, all these macroeconomic models are associated with economic activities and the past trends of the economy. It is, therefore, may or may not describe the practical sides of the economy.

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