In an economic model, government spending is assumed to be
A) endogenous.
B) exogenous.
C) not included in a closed economy.
D) not included in an open economy.
E) only an public goods.
Correct Answer:
Verified
Q6: Examples of exogenous variables include
A) real wages,
Q7: Points on the production possibilities frontier have
Q8: In the production function, output is given
Q9: In an economic model, an endogenous variable
Q10: In a one-period economic model, the government
Q12: Fiscal policy refers to a government's choices
Q13: In the one-period competitive model we have
Q14: An economy that has no interaction with
Q15: Goods and services provided by the government
Q16: In an economic model, an exogenous variable
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents