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    Introductory Econometrics Study Set 1
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    Exam 16: Simultaneous Equations Models
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    If a Structured Model Contains a Time Trend-Which May Capture
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If a Structured Model Contains a Time Trend-Which May Capture

Question 17

Question 17

True/False

If a structured model contains a time trend-which may capture exogenous, trending factors that are not directly modeled-then the trend acts as its own instrumental variable.

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