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Briefly Define an Endogenous Variable and an Exogenous Variable

question 30

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Briefly define an endogenous variable and an exogenous variable.What variables are endogenous in the classical model? What variables are exogenous.


Definitions:

Multiple Factors

Refers to the presence of more than one contributing variable or element that influences an outcome or situation.

Social Learning Theory

A theory that suggests individuals learn from their environment through observation, imitation, and modeling, highlighting the importance of cognitive processes in learning from the social context.

Behaviorism

Theories that focus on development as a result of learning and on changes in behavior as a result of forming associations between behavior and its consequences.

Modeling

Involves learning through the observation and imitation of others' behaviors, attitudes, or emotional expressions.

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