Question: Please help me with my economics problem. I don't know how to answer it Consider the following regression model Y=f30+B1X1 +82X2 +11 where E[U I

Please help me with my economics problem. I don't know how to answer it\

Consider the following regression model Y=f30+B1X1 +82X2 +11 where E[U I X1, X2] = 0. Suppose X1 and X2 are highly (but not perfectly) correlated. Then, Hint: see page 23 to page 30 of Lecture Note 4. T a. OLS estimators are biased. T b'OLS estimators are not consistent. T c. OLS estimators will have large standard errors. T d'One of X1, X2, or the constant should be dropped

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