Question: Consider the regression function B1+1; + V, where C; indicates the household's consumption level, and l; indicates the household's income level. The measurement error in

Consider the regression function B1+1; + V, where

Consider the regression function B1+1; + V, where C; indicates the household's consumption level, and l; indicates the household's income level. The measurement error in the dependent variable C; implies that A. the error term might be heteroskedastic. B. the independent variable li is also subject to measurement errors. C. the independent variable /;will be endogenous. D. there will be simultaneous equations between Ciand l

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