The parameters in a linear probability model can be interpreted as measuring the change in the probability that y = 1 due to a one-unit increase in an explanatory variable.?
Answer the following statement true (T) or false (F)
True
Rationale: FEEDBACK: The parameters in a linear probability model can be interpreted as measuring the change in the probability that y = 1 due to a one-unit increase in an explanatory variable.?
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A statement that argues that "if taxes on gasoline increase, gasoline consumption will decrease" is an example of what kind of statement?
A) a marginal statement B) a macroeconomic statement C) a normative statement D) a positive statement E) a statement that violates rational choice
The Federal Funds Market provides for day to day lending and borrowing among banks having excess reserves on account at the Fed
Indicate whether the statement is true or false
The Wilshire 5000 stock index is made up of the stocks of 5,000 of the largest U.S. companies.
Answer the following statement true (T) or false (F)
What are the 5 steps generally used by economists to develop a model?
What will be an ideal response?