Ans: D) is that the insights of experimental methods can be applied to quasi-experiments, in which special circumstances make it seem "as if" randomization has occurred.
One of the major lessons learned in the chapter on experiments and quasi-experiments
A) is that there are almost no true experiments in economics and that quasi-experiments are a poor substitute.
B) you should always use TSLS when estimating causal effects in quasi-experiments.
C) populations are always homogeneous.
D) is that the insights of experimental methods can be applied to quasi-experiments, in which special circumstances make it seem "as if" randomization has occurred.
Economics
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Which of the following is likely to happen if the reserves held at the Fed by the private banks decrease?
A) Banks will make more loans. B) The M2 measure of money will decrease. C) The nominal interest rate will decrease. D) Labor demand will increase.
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