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An omitted variable is a variable that ________.
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An omitted variable is a variable that ________.
An omitted variable is a variable that ________.
▸ is purposely left out as it does not aid an economic analysis
▸ is removed from a study as it can lead to the problem of reverse causality
▸ does not cause other variables in a study to change when it changes
▸ has been left out, and if included, would explain why the variables considered in a study are correlated
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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has been left out, and if included, would explain why the variables considered in a study are correlated
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kirstykirst
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Helped a lot
shangshang
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Just got PERFECT on my quiz
decibul
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I appreciate what you did here, answered it right
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