With panel data, the causal effect
A) cannot be estimated since correlation does not imply causation.
B) is typically estimated using the probit regression model.
C) can be estimated using the "differences-in-differences" estimator.
D) can be estimated by looking at the difference between the treatment and the control group after the treatment has taken place.
Answer: C) can be estimated using the "differences-in-differences" estimator.
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The __________________ traces the flow of money, resources, and goods and services through the economy.
Fill in the blank(s) with the appropriate word(s).
An example of a final good in national income accounts would be new:
A. chemicals purchased by Green Grass Lawn Care. B. lawn mowers purchased by Cut-rite Mowers. C. trees purchased by Wendy Birch's Garden Center. D. flowers purchased by homeowner Violet Rose.
Refer to the above figure. The figure represents the saving function for the consumer. Point C represents
A. the amount of autonomous consumption. B. a situation in which saving is positive. C. a situation in which saving is negative. D. the point at which saving equals zero.
Congress established the ________ to investigate "…the organization, business conduct, practices, and management" of companies that engage in interstate commerce.
A. Interstate Commerce Commission B. Antitrust Division of the Justice Department C. Federal Trade Commission D. National Transportation Board