,The Simultaneity Problem Refers to

question 26

Multiple Choice

,the simultaneity problem refers to

• A) the possible correlation between openness and financial reform
• B) the time lag between increasing openness and its effect on GDP per capita
• C) the possibility that GDP influences openness at the same time that openness affects GDP
• D) the fact that cross-country data may not be available for the same years
• E) the likely correlation between the error terms associated with successive observations

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