Question: If Ability is an omitted variable, and ability is positively correlated with schooling then: Group of answer choices The estimated coefficient on schooling is biased

If Ability is an omitted variable, and ability is positively correlated with schooling then: Group of answer choices The estimated coefficient on schooling is biased upward The estimated coefficient on schooling is biased downward The estimated coefficient on ability is biased downward The estimated coefficient on ability is biased upward

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