Given the Relationship Between the Two Variables, the Following Is

question 19

Multiple Choice

Given the relationship between the two variables, the following is most likely to be exogenous:

• A)the inflation rate and the short term interest rate: short-term interest rate is exogenous
• B)U.S. rate of inflation and increases in oil prices: oil prices are exgoneous
• C)Australian exports and U.S. aggregate income: U.S. aggregate income is exogenous
• D)change in inflation, lagged changes of inflation, and lags of unemployment: lags of unemployment are exogenous

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Definitions:

Credits

Accounting entries that increase liabilities or decrease assets, typically signaling the source of financing or revenue.

Single-Column Purchases Journal

An accounting journal used to record all purchase transactions of a business in a single column, typically for the purchase of inventory on credit.

Cash Payments Journal

A business ledger that documents every payment or cash disbursement made by a company.

General Journal

An accounting journal where all types of transactions are initially recorded, before being posted to specific accounts in the ledger.