In the Context of Simultaneous Equations Modelling, Which of the Following

question 11

Multiple Choice

In the context of simultaneous equations modelling, which of the following statements is true concerning an exogenous variable?

• A) The values of exogenous variables are determined within the system
• B) The exogenous variables are assumed to be fixed in repeated samples
• C) Reduced form equations will not contain any exogenous variables on the RHS
• D) Reduced form equations will contain only exogenous variables on the LHS

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Definitions:

Contingency Planning

Identifies alternative courses of action for use if and when circumstances change with time.

Tactical Plan

A short-term, detailed plan outlining how to achieve specific goals within a strategic framework, often focusing on immediate actions and resources.

Functional Plan

A strategic plan that is specific to a department or function within an organization, detailing objectives, resources, and timelines.

Strategic Plan

A systematic process of envisioning a desired future and translating this vision into broadly defined goals or objectives and a sequence of steps to achieve them.