Variables That a Model Takes as Given Are Called

question 64

Multiple Choice

Variables that a model takes as given are called:

• A) endogenous.
• B) exogenous.
• C) market clearing.
• D) macroeconomic.

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Definitions:

Diffuse

To spread or disperse something widely, or to be overly verbose and scattered in speech or writing.

Organizations

Entities composed of multiple individuals working together towards a common purpose or goal, structured in a specific manner.

Innovations

New ideas, devices, or methods that improve something or introduce significant positive change.

Knowing-Doing Gap

The discrepancy between what people know they should do and what they actually do in practice.