Multiple Choice
Which of the followings is NOT true about the word "autonomous" that economists use?
A) Changes in autonomous components are associated with shifts of a curve.
B) The autonomous component of a variable is exogenous.
C) The autonomous component of a variable is independent of other variables in the model.
D) The autonomous component of a variable is induced by other variables in the model.
Correct Answer:
Verified
Correct Answer:
Verified
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