If a macroeconomist studying the causes of unemployment suspects that changes in technology might play a role, then this macroeconomist is at which step in the process ofdeveloping an economic model?Compare the model with the data.Conduct prediction and policy analysis.Develop a model.Identify the endogenous variables.Identify the exogenous variables.

In macro-econometric models there are two types of variables: endogenous and exogenous. Exogenous…

If a macroeconomist studying the causes of unemployment suspects that changes in technology might play a role, then this macroeconomist is at which step in the process of developing an economic model? O Compare the model with the data. Conduct prediction and policy analysis. O Develop a model. O Identify the endogenous variables. O Identify the exogenous variables.