Multiple Choice
A reduced-form equation expresses
A) an exogenous variable as a function of endogenous variables.
B) an endogenous variable as a function of exogenous variables.
C) an exogenous variable as a function of both endogenous and exogenous variables.
D) an endogenous variable as a function of both exogenous and endogenous variables.
Correct Answer:
Verified
Correct Answer:
Verified
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