Multiple Choice
In the context of simultaneous equations modelling, which of the following statements is true concerning an exogenous variable?
A) The values of exogenous variables are determined within the system
B) The exogenous variables are assumed to be fixed in repeated samples
C) Reduced form equations will not contain any exogenous variables on the RHS
D) Reduced form equations will contain only exogenous variables on the LHS
Correct Answer:
Verified
Correct Answer:
Verified
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