A simple macroeconomic model might explain how an increase in the demand for new housing would lead to a decrease in the rate of unemployment.In such a model,which of these variables is likely to be exogenous?
A) the quantity sold of home furnishings
B) the degree of unionization of the construction industry
C) the wage rate for unskilled workers
D) the level of tax revenues
E) the demand for concrete
Correct Answer:
Verified
Q1: Which statement is true of an exogenous
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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