A factor is endogenous when:
a. It fluctuates in a narrow band around its long term value.
b. It is not determined by the forces of supply and demand in any of the three macroeconomic markets.
c. It is determined by the forces of supply and demand in any of the three macroeconomic markets.
d. It is under full control by the central bank and/or the government.
e. The central bank and the government have no means to influence it.
.C
You might also like to view...
The additional satisfaction that a consumer receives from one more unit of a good or service is known as _____
a. marginal utility b. total utility c. disutility d. profit e. the law of diminishing marginal utility
Identify the correct statement
a. A monopolist's pricing decision is limited by the demand for its product. b. A monopolist is able to choose any price and quantity combination that it desires. c. A monopolist can increase its profits by increasing price if the demand for its good is relatively elastic. d. A monopolist does not suffer losses even in the short run. e. A monopolist is not able to reap positive profits in the long run.