Multiple Choice
In an economic model, an exogenous variable is
A) closely linked to a closed economy.
B) determined outside the model.
C) determined by the model itself.
D) a stand-in for more complicated variables.
E) a variable that has no effect on the workings of the model.
Correct Answer:
Verified
Correct Answer:
Verified
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Q15: No questions were provided for this section.
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