In the United States, an official dating of business cycles
a. is executed by the Federal Reserve Bank of New York.
b. originates with the Department of Commerce.
c. was started by the Bureau of Labor Statistics Institute.
d. is performed by the Business Cycle Dating Group of the National Bureau of Economic Research.
D
Economics
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When using panel data and in the presence of endogenous regressors
A) the TSLS does not exist. B) you do not have to worry about the validity of instruments, since there are so many fixed effects. C) the OLS estimator is consistent. D) application of the TSLS estimator is straightforward if you use two time periods and difference the data.
Economics
Adam Smith created the theory of comparative advantage
Indicate whether the statement is true or false
Economics