a. A recession is often characterized as two consecutive quarters of declining performance. However, there is not yet a consensus as to whether we are currently in a recession. (3 pts, 1 for T/ F, 2 for justication) b. A student's ttest can be used to determine if there is a statistically signicant association between school resources and students' future earnings. (3 pts, 1 for T/F, 2 for reasoning) c. During the Covid-lQ pandemic, Black and Hispanic workers experienced greater unemployment than white workers. This is because of employer discrimination. (3 pts, 1 for T/F, 2 for reasoning) (1. During recessions, workers with less than a high school diploma experience a large increase in unem- ployment. Workers with bachelors' degrees face a smaller increase in unemployment. This is evidence that employer discrimination against high school dropouts increases during recessions. (3 pts, 1 for T/ F, 2 for reasoning) e. An ordinary least squares regression estimates the causal effect of schooling on education. (3 pts, 1 for T/F, 2 for reasoning)