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Consider the Following Two Equations to Describe Labor Markets in Various

Question 35

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Consider the following two equations to describe labor markets in various sectors of the economy Nd = β0 + β1 Consider the following two equations to describe labor markets in various sectors of the economy Nd = β0 + β1 + u Ns = γ0 + γ1 + v Nd = Ns = N A) W/P is exogenous,n is endogenous B) Both n and W/P are endogenous C) n is exogenous,W/P is endogenous D) the parameters cannot be estimated because it would require two equations to be estimated at the same time (simultaneously) + u
Ns = γ0 + γ1 Consider the following two equations to describe labor markets in various sectors of the economy Nd = β0 + β1 + u Ns = γ0 + γ1 + v Nd = Ns = N A) W/P is exogenous,n is endogenous B) Both n and W/P are endogenous C) n is exogenous,W/P is endogenous D) the parameters cannot be estimated because it would require two equations to be estimated at the same time (simultaneously) + v
Nd = Ns = N


A) W/P is exogenous,n is endogenous
B) Both n and W/P are endogenous
C) n is exogenous,W/P is endogenous
D) the parameters cannot be estimated because it would require two equations to be estimated at the same time (simultaneously)

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