The dynamic OLS (DOLS) estimator of the cointegrating coefficient, if Yt and Xt are cointegrated,
A) is efficient in large samples
B) statistical inference about the cointegrating coefficient is valid
C) the t-statistic constructed using the DOLS estimator with HAC standard errors has a standard normal distribution in large samples
D) all of the above
Answer: D
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When is price fixing not a violation of the antitrust laws?
What will be an ideal response?
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a. theory b. hypothesis c. correlation d. assumption
Monetary policy includes all of the following, except
A. changes in government spending on goods and services. B. changes in reserve requirements. C. changes in the discount rate. D. buying and selling government securities on the open market.