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Choose the statement that best describes how endogenous variables differ from exogenous variables.

tacobeo

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Choose the statement that best describes how endogenous variables differ from exogenous variables.

Choose the statement that best describes how endogenous variables differ from exogenous variables.

▸ An endogenous variable is explained within the theory, while an exogenous variable influences the endogenous variables but is determined outside the theory.

▸ An endogenous variable is explained outside the theory and influences an exogenous variable while an exogenous variable is explained within the theory.

▸ An exogenous variable is a function of the endogenous variable, and both are flow variables.

▸ An endogenous variable is a flow, while an exogenous variable is a stock.

▸ An endogenous variable is a function of the exogenous variable, and both are stock variables.

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Microeconomics

Edition: 17^th

Author: Ragan

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kingqadri

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tacobeo Author

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Good timing, thanks!

dearsophia21

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Thank you, thank you, thank you!

njn;l

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Just got PERFECT on my quiz

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