Examlex
Which of the following are endogenous variables within the classical model?
Ending Inventory
The total value of all goods available for sale at the end of an accounting period.
Purchases
The total amount spent on goods and services bought by a business for either resale or use in its operation.
Cost-to-retail Ratio
The cost-to-retail ratio is a method used in inventory accounting to estimate the value of ending inventory using the ratio of cost to retail price.
Rising Prices
A situation in an economy where the general level of prices for goods and services increases over time.
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