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Which best describes the purpose served by economic models within an economic system? Models identify patterns. Models determine the business cycle. Models control change. Models define global demand.

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Models identify patterns

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ayfat23

The purpose served by economic models within an economic system is that Models identify patterns.

What is economic model?

An economic model can be regarded as simplified description of reality, which is been designed to yield hypotheses as regards economic behavior.

It identify patterns and it is necessarily subjective in design .

Learn more about economic model at:

https://brainly.com/question/13171394

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