An exogenous variable is typically ________.
A)not considered in an economic model
B)only used to conduct policy analysis
C)taken as given
D)explained inside the model
E)explained by interest rates

Name: An exogenous variable is typically ________. A)not considered in an economic model B)only used to conduct policy analysis C)taken as given D)explained inside the model E)explained by interest rates
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

Quizplus · Accepted Answer

Exogenous variables are typically taken as given and not explained within the economic model.

An Exogenous Variable Is Typically ________