Multiple Choice
In the dynamic model of money,
A) both people's income and money supply are endogenous variables.
B) both people's income and money supply are exogenous variables.
C) people's income is an endogenous variable, while money supply is an exogenous variable.
D) people's income is an exogenous variable, while money supply is an endogenous variable.
Correct Answer:
Verified
Correct Answer:
Verified
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