In an economic model,
A) endogenous variables determine exogenous variables.
B) exogenous variables determine endogenous variables.
C) the government budget constraint determines exogenous variables.
D) fiscal policy determines endogenous variables.
E) endogenous and exogenous variables are determined simultaneously.
Correct Answer:
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Q9: An economy that has no interaction with
Q10: In an economic model,an exogenous variable is
A)
Q11: A relationship that shows the technological possibilities
Q12: Making use of an economic model is
Q13: The rate at which one good can
Q15: Goods and services provided by the government
Q16: Examples of exogenous variables include
A) real wages,
Q17: Fiscal policy refers to a government's choices
Q18: In a one-period economic model,the government budget
Q19: In an economic model,government spending is assumed
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