Economy, asked by haichow7, 1 month ago

explain difference between endogenous and exogenous concept of money supply

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Answered by MrIRZETEX
4
  • We thus say that a variable is exogenous when its determinants do not include variables determined within the model, while endogenous variables are those whose values are determined by the model (Chick, 1973). ... We all know, for example, that in the quantity theory of money, the money supply is supposed to be exogenous.
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