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Endogenous Investment. One of the first steps in model building is to decide which variables are fixed (exogenous) and which variables change within the model
Endogenous Investment.One of the first steps in model building is to decide which variables are fixed (exogenous) and which variables change within the model (endogenous). What sorts of things do businesses think about when they consider increasing their investment spending (spending on new machines, buildings, R&D, etc.)? Create either a general or explicit model of investment spending based on your brainstorm
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