In an Economic Model

question 20

Multiple Choice

In an economic model,

• A) endogenous variables determine exogenous variables.
• B) exogenous variables determine endogenous variables.
• C) the government budget constraint determines exogenous variables.
• D) fiscal policy determines endogenous variables.
• E) endogenous and exogenous variables are determined simultaneously.

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Definitions:

Cultural Syndrome

Patterns of behavior, beliefs, and values that are characteristic of a specific culture, and that influence individual behaviors and perceptions.

Shared Attitudes

Common beliefs or opinions held by a group of people that influence their behaviors and perceptions.

Geographic Region

A specific area or section of space that is identified or defined by its natural or human-made characteristics.

Change Blindness

See inattentional blindness.