The endogenous variables of "A Big, Comprehensive Model" in the appendix to Chapter 14 include the level of output, the natural rate of output, the price level, and:
A)the real and nominal interest rates.
B)the money supply.
C)the world price level.
D)government purchases.

Question

Quizplus · Accepted Answer

The endogenous variables in a comprehensive economic model typically include variables that are determined within the model, such as the real and nominal interest rates, which are influenced by other factors like output and price levels.

The Endogenous Variables of "A Big, Comprehensive Model" in the Appendix