True or False: Explain Suppose that OLS is unbiased for the following bivariate model: Y = B 0 +B 1 X +u and suppose that the true slope coefficient B 1 = 7. If you use the standard t-statistic to...

True or False: Explain

Suppose that OLS is unbiased for the following bivariate model: Y = B₀ +B₁X +u and suppose that the true slope coefficient B₁
= 7. If you use the standard t-statistic to test the null hypothesis that the slope coefficient is equal to 0, the probability that you will reject the null hypothesis will increase if you reduce your sample size.