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AndrewKraus AndrewKraus
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6 years ago
An omitted variable is a variable that:
A) is purposely left out as it does not aid an economic analysis.
B) does not cause other variables in a study to change when it changes.
C) is removed from a study as it can lead to the problem of reverse causality.
D) has been left out, and if included, would explain why the variables considered in a study are correlated.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SudzburySudzbury
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6 years ago
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AndrewKraus Author
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#2
6 years ago
Excellent answer, thx
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