With Panel Data, regression software typically uses an "entity-demeaned" algorithm because
A) the OLS formula for the slope in the linear regression model contains deviations from means already.
B) there are typically too many time periods for the regression package too handle.
C) the number of estimates to calculate can become extremely large when there are a large number of entities.
D) deviations from means sum up to zero.
Ans: C) the number of estimates to calculate can become extremely large when there are a large number of entities.
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Refer to Figure 7.1. Dudley values silence at
A) $100. B) $200. C) $350. D) $550.
How many people does it take to make an ordinary no. 2 pencil?
A) One person B) Between one and five people C) Less than one hundred people D) Millions of people
Which of the following disciplines is not a social science?
a. psychology b. mathematics c. economics d. political science e. sociology
The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:
A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.