In a study of the determinants of regional unemployment rates using pooled cross sections, the coefficients of the year dummies may reveal: Your answer: O there is no economic information that can be retrieved from these coefficients. O regional effects, which affect all cities equally, as long as they are a member of that region. O attitude differences towards unemployment between regions. macroeconomic effects, which affect all regions equally in a given year.

In a study of the determinants of regional unemployment rates using pooled cross sections, the coefficients of the year dummies may reveal: Your answer: O there is no economic information that can be retrieved from these coefficients. O regional effects, which affect all cities equally, as long as they are a member of that region. O attitude differences towards unemployment between regions. macroeconomic effects, which affect all regions equally in a given year.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which of the following questions does the official unemployment rate, U3. answer? What percentage of the working age population is classified as unemployed? How many workers are discouraged? O What percentage of the labor force is classified as unemployed? How many people in the economy are underemployed?
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