Author Question: The long-run cumulative dynamic multiplier A) cannot be calculated since in the long-run, we are ... (Read 492 times)

D2AR0N · **on:** Jun 29, 2018

The long-run cumulative dynamic multiplier

A) cannot be calculated since in the long-run, we are all dead.
B) is the sum of all individual dynamic multipliers.
C) is the coefficient on Xt-r in the standard formulation of the distributed lag model.
D) is the difference between the coefficient on Xt-1 and Xt-r.

Question 2

The concepts of exogeneity, strict exogeneity, and predeterminedness

A) are defined in such a way that strict exogeneity implies exogeneity.
B) can be used interchangeably.
C) are defined in such a way that exogeneity implies strict exogeneity.
D) correspond to endogeneity, strict endogeneity, and lagged endogenous variables.