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单词 predetermined endogenous variable
释义 predetermined endogenous variable

A variable in a dynamic economic system which is determined within the system, but by past and not current variables. At any one time it is thus independent of other variables in the system. The capital stock, for example, is historically determined at any moment by past investment, but the past investment itself was determined within the economic system and not exogenously given.

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更新时间:2025/2/2 13:36:35