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Exogenous Variable in an Economic Model
An exogenous variable is a factor whose value is determined outside of an economic model and is set by the person using the model. Economists manipulate these variables to conduct experiments and observe the effects on the model's endogenous outcomes.
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CORE Econ
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
Ch.2 Technology and incentives - The Economy 2.0 Microeconomics @ CORE Econ
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