Question: 22. Write short notes on the following concepts (a) Simultaneous equations system (b) Exogenous variables (c) Endogenous variables (d) Structural form model (e) Reduced form

22. Write short notes on the following concepts (a) Simultaneous equations system (b) Exogenous variables (c) Endogenous variables (d) Structural form model (e) Reduced form model (f) Indirect least squares (g) Two-stage least squares (h) Instrumental variable methods (i) Recursive systems (j) Simultaneous systems

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