All of the Following Are Endogenous Variables in the Dynamic $\pi _ { \mathrm { t } } ^ { \mathrm { * } }$

question 15

Multiple Choice

All of the following are endogenous variables in the dynamic model of aggregate demand and aggregate supply except:

• A) Y_t, output
• B) \(\pi _ { \mathrm { t } } ^ { \mathrm { * } }\) central bank's inflation target
• C) r_t, real interest rate
• D) E_t \(\pi\)_{t + 1}, expected inflation

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