Multiple Choice
A variable that is determined outside a model is called a(n)
A) dynamic variable.
B) static variable.
C) endogenous variable.
D) exogenous variable.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q19: In the ATM model of the demand
Q20: Describe in words the relationships established in
Q21: A steady state<br>A)is a shortrun equilibrium which
Q22: Someone who has an average cash balance
Q23: In the ATM model of the demand
Q25: Suppose the money demand function is M<sup>D</sup>
Q26: In the liquidity-preference model, the nominal interest
Q27: In a dynamic model, what three key
Q28: A model that allows variables to change
Q29: Everything else remaining unchanged, if the price