Endogenous Variables Are

question 20

Multiple Choice

Endogenous variables are:

• A) given from outside the model.
• B) determined by solving the system of equations.
• C) assumptions of the model.
• D) fixed.

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Definitions:

Reflect

The act of thinking deeply or carefully about something, often leading to insights or reconsideration of attitudes, behaviors, or beliefs.

Theoretical Knowledge

Knowledge that is based on theories and principles, often contrasted with practical knowledge or experience.

Stage Theory

A psychological theory that proposes development occurs in distinct and successive stages, each with its own challenges and characteristics.

Discontinuity

A concept that denotes abrupt changes or breaks in development, patterns, or processes, contrasting with continuous, gradual transformations.