The determining function that drives share of accepted job offers for a company is given by the following equation: AcceptedOfferst = ?0 + ?1StartingSalaryt + ?2EconomicClimatet + Ut, where the unit of observation is particular month (t). Suppose one wanted to use the national unemployment rate (unemploymentt) as a proxy for EconomicClimate. Which of the following would be a condition that would rule out the unemployment rate being a good proxy for economic climate?

A. ?2 < 0
B. Unemployment rate to be correlated with "other factors" (Ut)
C. EconomicClimate is correlated with StartingSalary
D. ?2 > 0


Answer: B

Biology & Microbiology

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