A reduced form equation expresses an exogenous variable in terms of endogenous variables.

Answer the following statement true (T) or false (F)

False

Rationale: A reduced form equation expresses an endogenous variable in terms of exogenous variables.

Economics

You might also like to view...

Net domestic product equals gross domestic product plus depreciation

Indicate whether the statement is true or false

View
Economics

Which of the following is generally a fixed cost?

A. Utilities. B. Profit taxes. C. Property taxes on land used in production. D. Wages.

View
Economics