The t-statistic is calculated by dividing
A) the OLS estimator by its standard error.
B) the slope by the standard deviation of the explanatory variable.
C) the estimator minus its hypothesized value by the standard error of the estimator.
D) the slope by 1.96.
Answer: C) the estimator minus its hypothesized value by the standard error of the estimator.
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In the short-run macro model, equilibrium occurs when
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