Variables That a Model Takes as Given Are Called

question 64

Multiple Choice

Variables that a model takes as given are called:

• A) endogenous.
• B) exogenous.
• C) market clearing.
• D) macroeconomic.

Acknowledge the significance of beginning a search using keywords.

Understand the importance of document pre-reading in the context of research note-taking.

Identify and understand different methods of gathering information.

Differentiate between types of questions (open, closed, multiple choice, etc.) and their applications.

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Definitions:

Implicit Associations

The subconscious linking of two concepts or entities in the mind, which can influence attitudes and behavior.

Stereotype

A fixed, generalized idea or image of a particular group of people, often lacking nuance and accuracy.

Availability Heuristic

A quick thinking process where a person leans on the first examples that surface in their thoughts when considering a certain subject, notion, procedure, or judgment.

Explicit Bias

Prejudices or attitudes that an individual is consciously aware of and can report.