Heteroskedasticity- and autocorrelation-consistent standard errors
A) result in the OLS estimator being BLUE.
B) should be used when errors are autocorrelated.
C) are calculated when using the Cochrane-Orcutt iterative procedure.
D) have the same formula as the heteroskedasticity robust standard errors in cross-sections.
Answer: B
You might also like to view...
Over the past several decades, what has been true about inflation in the United States?
A) Inflation has been very stable. B) The nation has experienced persistent deflation. C) Inflation rates have been consistently negative. D) Inflation rates have been consistently positive.
Which of the following could lead to an inward shift of the production possibilities frontier?
a) an increase in the cost of one good b) an increase in the utilization of resources c) a rise in the level of technology d) a law is passed whereby a mandatory retirement age of 60 is imposed, from an original age of 65 e) a decrease in the utilization of resources
Expansionary fiscal policy raises Real GDP more in a closed economy than in an open economy
Indicate whether the statement is true or false
Which of the following best characterizes the circular flow of income?
A. Businesses buy resources from the government, and households buy goods and services from businesses. B. Businesses buy resources from households, and households use their income from the sale of resources to buy goods and services from businesses. C. The government purchases resources from businesses and households and then sells goods and services to businesses and households. D. Households buy factors of production from businesses, and businesses buy goods and services from households.