Which statement is true of an exogenous variable in an economic model?
A) It has no direct relation to the endogenous variables.
B) Its value within the model cannot be changed.
C) It is often a policy variable.
D) It is explained inside the model.
E) All of the above.
C
Economics
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Under President Lyndon Johnson, the federal government actually decreased its involvement in the economy.
Answer the following statement true (T) or false (F)
Economics
Increases in productivity result in:
A. lower inflation as output decreases. B. opportunities for policymakers to reduce their inflation target without inducing a recession. C. higher inflation as output increases. D. none of the answers provided is correct.
Economics