Which statement is true of an exogenous variable in an economic model?
A) It has no direct relation to the endogenous variables.
B) Its value within the model cannot be changed.
C) It is often a policy variable.
D) It is explained inside the model.
E) All of the above.
Correct Answer:
Verified
Q2: A simple macroeconomic model might explain how
Q3: If a macroeconomist studying the causes of
Q4: Macroeconomics is the study of _ while
Q5: In a macroeconomic model designed to explain
Q6: If a macroeconomist studying the causes of
Q7: Macroeconomic models particularly focus on the following
Q8: An exogenous variable is typically _.
A)calculated by
Q9: Macroeconomics is the study of _ while
Q10: An exogenous variable is typically _.
A)not considered
Q11: An endogenous variable is typically _.
A)taken as
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