Exam (elaborations)
ECS2601 ASSIGNMENT_2_SEM_2
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Distinguish between an exogenous and endogenous variable and list the exogenous variables in the IS-LM model. Most important endogenous (dependent) variables in the In the IS-LM model: (Y) Level of production & income (i) the interest rate. Thus any variable influenced by (Y) and/or (i) is an ...
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