Estimate a canonical fixed-effects model of log of teen average wages on the log of minimum wage. Include state dummies, time dummies, and overall unemployment as controls in this regression. Comment on the size of the coefficient and its statistical significance. Use , cluster(state) suffix in your regression command to account for the non-independence of observations within states. Use the weights to account for sample size differences in each cell by adding [aw=weight] in your regression command.
a) The coefficient is small and statistically insignificant
b) The coefficient is large and statistically significant
c) The coefficient is small but statistically significant
d) The coefficient is large but statistically insignificant