Question

under keynesian cross-model rate of interest is
1) Endogenous variable
2) Exogenous variable
3) Exponential variable
4) Non of the above ​

Answer 1

Answer:

I guess it's exogenous variable.

Answer 2

2) Exogenous variable is the correct answer. Under Keynesian cross-model, rate of interest is an Exogenous variable.

2) Exogenous variable is the correct answer. Under Keynesian cross-model, rate of interest is an Exogenous variable.Keynesian cross model:

• A Keynesian cross diagram suggests 3 conditions, one in which output is extra than mixture expenditure.
• One in which mixture expenditure is identical to output and one in which output is much less than mixture expenditure.

Explanation:

• An exogenous variable is a kind of variable in a monetary version, that is, a model that illustrates economic processes with the aid of using the usage of variables and relationships among variables.
• Types of monetary fashions can encompass mathematical fashions, visible fashions and more.
• For example, take an easy causal device like farming.
• An exogenous variable is a variable whose state is independent of the nation of different variables in a device.

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