All of the Following Are Endogenous Variables in the Dynamic

question 23

Multiple Choice

All of the following are endogenous variables in the dynamic model of aggregate demand and aggregate supply except:

• A)Y_t, output.
• B)π_t* the central bank's inflation target.
• C)r_t, the real interest rate.
• D)E_tπ_{t + 1}, expected inflation.

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Definitions:

Tapeworm

A type of parasitic flatworm that lives in the digestive tract of vertebrates as adults and often causes illness.

Proglottids

Segments that make up the body of tapeworms, each containing a complete set of reproductive organs, and capable of developing into a new organism.

Scolex

Tapeworm head region; contains hooks and suckers for attachment to host.

Chitin

Strong but flexible nitrogenous polysaccharide found in the exoskeleton of arthropods and in the cell walls of fungi.