FGLS estimates are efficient when explanatory variables are not strictly exogenous.
Answer the following statement true (T) or false (F)
False
Rationale: FEEDBACK: FGLS estimates are inefficient when explanatory variables are not strictly exogenous.
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At lower interest rates the
A) money supply is lower. B) quantity of money demanded is higher. C) money supply is indeterminate. D) quantity of money demanded is lower.
Expectations about the future will always be accurate if formed under ________
A) rational expectations B) adaptive expectations C) natural selection D) none of the above
The key difference between the Pareto optimality and Pareto superiority is that ______
a. Pareto optimality is incompatible with utilitarianism, while Pareto superiority is compatible b. Pareto superiority is superior to Pareto optimality c. Pareto optimality requires interpersonal utility calculations, while Pareto superiority does not d. Pareto optimality refers to a state of the world while Pareto superiority compares two states of the world
Government spending that changes automatically without action by Congress is
A) a noncontrollable expenditure. B) national defense. C) payments to contractors for routing services performed. D) discretionary payments.