Predetermined variables in a model are treated as if they are essentially:
A) endogenous variables.
B) exogenous variables.
C) parameters.
D) equilibrium conditions.

Name: Predetermined variables in a model are treated as if they are essentially: A) endogenous variables. B) exogenous variables. C) parameters. D) equilibrium conditions.
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Question

Quizplus · Accepted Answer

Predetermined variables are considered as exogenous variables in a model because they are determined outside the model and cannot be explained by the model itself.

Predetermined Variables in a Model Are Treated as If They