The distributed lag model is given by
A) Yt = ?0 + ?1Xt + ?2Yt-1 + ut.
B) Yt = ?0 + ?1Yt-1 + ?2Yt-2 + ... + ?rYt-r + ut.
C) Yt = ?0 + ?1ut + ?2ut+1 + ?3ut+2 + ... + ?r+1ut+r + et.
D) Yt = ?0 + ?1Xt + ?2Xt-1 + ?3Xt-2 + ... + ?r+1Xt-r + ut.
Answer: D
Economics
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