from the perspective of:
All countries have macro economic objectives. The five that I know are :
- reduce unemployment
- increase the country's ecomic growth
- control inflation
- increase a coutry's balance of payment on current account
- protect the environment
Insertion at the specific position
dichotomous variables
how economic variables influences on consumer behavior
law of demand
if two variables are positively related,it means that the two variables change in the same direction.that is,if the value of one of the variables increases,the value of the other variable too will increase.for example,if employment as an economic variable increases in a country,and price of goods too increases then we can say that these two variables(employment and price) are positively related
Recessions and periods of economic growth as the efficient response to exogenous changes in the real economic environment.
dichotomous variables
Nominal Variables
how economic variables influences on consumer behavior
McCormick use combination of political,social and economic variables
law of demand
if two variables are positively related,it means that the two variables change in the same direction.that is,if the value of one of the variables increases,the value of the other variable too will increase.for example,if employment as an economic variable increases in a country,and price of goods too increases then we can say that these two variables(employment and price) are positively related
Recessions and periods of economic growth as the efficient response to exogenous changes in the real economic environment.
poltical social economic
Any measure of economic stability. Variables could be *the stock market, *interest rates, *unemployment *foreclosures *national debt, etc.
external shocks business investment, and interest rates
The four main economic variables (in macroeconomics) are 1. Real Gross Domestic Product (GDP) 2. The unemployment rate 3. The inflation rate 4. The interest rate -------- 5. Level of the stock market 6. Exchange rate
Endogenous variables are important in econometrics and economic modeling because they show whether a variable causes a particular effect. Economists employ causal modeling to explain outcomes (dependent variables) based on a variety of factors (independent variables), and to determine to which extent a result can be attributed to an endogenous or exogenous cause.