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endogenizing the exogenous (E1)<br />The inclusion in an economic model of something previously regarded as given. Classical economists, for example, regarded FULL EMPLOYMENT as given, whereas KEYNES included it as a variable in his model of the national economy. Expectations were often regarded as given but now many economic models include them.<br /><em>See also:</em> endogenous variable; exogenous variable
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conversion (G1)<br />Replacing one kind of stock market security with another. Major types of conversion occur when an equity replaces a debenture, or a dated government bond is replaced by an undated one.
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