An endogenous variable is typically ________.
A)strictly explained inside the model
B)taken as given
C)strictly explained outside the model
D)constant inside the model
E)explained by unemployment

Question

Quizplus · Accepted Answer

Endogenous variables are those that are explained within the model and are affected by other variables in the model. They are not taken as given or constant. Unemployment may or may not affect an endogenous variable, but it is not a defining characteristic of endogeneity.

An Endogenous Variable Is Typically ________