In the aggregate demand curve,the endogenous variable is ________.
A)output
B)inflation
C)the real interest rate
D)real money balances
E)none of the above

Question

Quizplus · Accepted Answer

The endogenous variable in the aggregate demand curve is output, as it shows the level of goods and services demanded in the economy at different price levels. The other options - inflation, the real interest rate, and real money balances - are all exogenous variables that affect the aggregate demand curve but are not determined by it.

In the Aggregate Demand Curve,the Endogenous Variable Is ________