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Answer to Question #210457 in Macroeconomics for Mina

Question #210457

What are the endogenous and exogenous variables?


1
Expert's answer
2021-06-25T11:03:28-0400

Exogenous variables are variables having values determinable outside the model. The exogenous variables are imposed in the model. In contrast, endogenous variables are variables that their values are determinable by the model. 


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