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A) What is the counterfactual? B) Why is a counterfactual needed for rigorous ex post evaluation of the impact of a given investment or policy?

A) What is the counterfactual?

B) Why is a counterfactual needed for rigorous ex post evaluation of the impact of a given investment or policy?

C) Explain how one of the ex post impact evaluation techniques/approaches reviewed in lecture go about constructing their counterfactuals.

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