In a model based on a weakly dependent time series with serial correlation and strictly exogenous explanatory variables, _____.
A. the feasible generalized least square estimates are unbiased
B. the feasible generalized least square estimates are BLUE
C. the feasible generalized least square estimates are asymptotically more efficient than OLS estimates
D. the feasible generalized least square estimates are asymptotically less efficient than OLS estimates
Answer: C
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Indicate whether the statement is true or false
Assuming that rational expectations theory does not hold, if a central banks attempts to reduce the inflation rate what happens to the unemployment rate in the short-run?
If it's possible to eliminate the problems created by externalities, why do they persist?
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