The linear probability model always contains heteroskedasticity when the dependent variable is a binary variable unless all of the slope parameters are zero.
Answer the following statement true (T) or false (F)
True
Rationale: FEEDBACK: The linear probability model always contains heteroskedasticity when the dependent variable is a binary variable unless all of the slope parameters are zero.
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Net national savings (S=y-c-g) is realted to the balance on the CA in the following way (the current account identity):
a) national savngs (S)= the balance on the current account (CA) + gross domest product (gdp)- gross national expenditure (GNE) b) national savings (S)= domestic investment (I)+ the balance on the current account (CA) c) National savings (S)= domestic investment (I)- the balance on the current account (CA) d) net national savings (s)+ the balance on the current account (CA)+ domestic investment (I)= gross domestic product
When people suddenly want to buy something, supply increases
a. True b. False Indicate whether the statement is true or false