Multiple Choice
"Ordinary least squares" is a technique that can be used to
A) identify the best model.
B) determine which variables in a model are endogenous and which are exogenous.
C) obtain a bar graph showing successive quarterly increases in output.
D) obtain a line describing consumption behavior in the real world.
E) determine the direction of causation between consumption and income.
Correct Answer:

Verified
Correct Answer:
Verified
Q9: When we use ordinary least squares to
Q10: If GDP is more than GNP,we know
Q11: Changes in business inventories will be negative
Q12: Suppose exports are less than imports.Given this
Q13: Which of the following is not included
Q14: Net national product (NNP)is equal to<br>A)personal income
Q15: If GDP exceeds GNP,we know with certainty
Q17: Which of the following is not a
Q18: Changes in business inventories will be positive
Q19: A large "T-statistic" tell us that<br>A)a tiny