When constructing a basic macroeconomic model, several assumptions (not realistic, but necessary to simplify the analysis) are made. Which of the following are assumed to be constant?

Testing a theory by comparing the theory's implications with data obtained in the real world is called

A) empirical analysis. B) descriptive calibration. C) historical variance analysis. D) univariate analysis.

What are the primary causes of hyperinflations? Explain

What will be an ideal response?