Variables that a model tries to explain are called:
A) endogenous.
B) exogenous.
C) market clearing.
D) fixed.

Name: Variables that a model tries to explain are called: A) endogenous. B) exogenous. C) market clearing. D) fixed.
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Question

Quizplus · Accepted Answer

Endogenous variables are those that the model tries to explain or predict, while exogenous variables are external factors that affect the endogenous variables but are not influenced by them.

Variables That a Model Tries to Explain Are Called