An Endogenous Variable

question 6

Multiple Choice

An endogenous variable

• A) is the independent variable in an economic model.
• B) is assumed to be determined by factors outside the scope of the model.
• C) is the impulse that causes a change in the exogenous variable.
• D) is the response to a change in the exogenous variable.
• E) is the rental rate of capital in the labor demand equation.