In an Economic Model

question 10

Multiple Choice

In an economic model:

• A)endogenous variables feed into a model to affect exogenous variable.
• B)exogenous variables feed into a model to affect endogenous variables.
• C)exogenous and endogenous variables feed into the model.
• D)none of the above.

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Definitions:

Iconic Memory

A type of visual sensory memory that holds a brief photographic image for a few seconds after the exposure to the original stimulus.

Photographic

Pertaining to or using light in the production of images, often used in context with photography or imaging techniques.

Few Tenths

A phrase typically used to describe a small quantity or measure, amounting to a fraction of a whole.

Picture-Image

A visual representation of an object, person, or scene produced on a surface.