Finite-sample distributions of the OLS estimator and t-statistics are complicated, unless
A) the regressors are all normally distributed.
B) the regression errors are homoskedastic and normally distributed, conditional on X1,... Xn.
C) the Gauss-Markov Theorem applies.
D) the regressor is also endogenous.
Answer: B
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The table below shows the weekly supply for hamburgers in a market where there are just three sellers.PriceSeller 1 Qs 1Seller 2 Qs 2Seller 3 Qs 3$5854464334322221 If the price of a hamburger increases from $3 to $5, then the weekly market quantity of hamburgers supplied will
A. decrease from 17 to 9. B. decrease from 17 to 13. C. increase from 9 to 17. D. increase from 13 to 17.
The above figure shows a housing market with a rent ceiling equal to $1,000. In this figure, what area is equal to the deadweight loss?
A) area A B) area B C) area C D) area D E) area E
In response to an increase in technology, we would expect
a. both the short run and long run Phillips curve to shift to the right. b. both the short run and long run Phillips curve to shift to the left. c. the long run Phillips curve remains unchanged while the short run Phillips curve shifts to the right. d. the short run Phillips curve remains unchanged while the long run Phillips curve shifts to the right. e. none of the above.
The downward slope of the aggregate demand curve is based on logic that as the price level rises, consumption, investment, and net exports all fall
a. True b. False Indicate whether the statement is true or false