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Exam (elaborations) ECS2601 ASSIGNMENT_2_SEM_2 2 Exam (elaborations) ECS2601 EXAM PACK Microeconomics II
[Show more]Exam (elaborations) ECS2601 ASSIGNMENT_2_SEM_2 2 Exam (elaborations) ECS2601 EXAM PACK Microeconomics II
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A Study Pack © 2014...................................................................................................................................................1 
Study Unit 2: The basics of supply and demand .............................................................................
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A Study Pack © 2014...................................................................................................................................................1 
Study Unit 2: The basics of supply and demand .............................................................................
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 i...
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Add to cartDistinguish 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 i...
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