Which of the Following Is an Exogenous Change

question 18

Multiple Choice

Which of the following is an exogenous change?

• A) Introduction of a new technology
• B) Innovation in products or services
• C) Changes in competitive products and services
• D) Changing goals and objectives of new managers

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Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a period of time, usually measured by GDP.

Money Supply

The total amount of money available in an economy at a specific time, including cash, coins, and balances held in checking and savings accounts.

Aggregate Supply

The total supply of goods and services that firms in an economy are willing and able to sell at a given overall price level in a specified time period.

Classical Economists

Economists from the 18th and 19th centuries who focused on developing theories about the functioning of markets and economies.