Question: a) In a simultaneous equation model, there are a few important terms. Discuss the role of the following terms: lagged variable reduced-form equation

a) In a simultaneous equation model, there are a few important

terms. Discuss the role of the following terms: lagged variable reduced-form equation

a) In a simultaneous equation model, there are a few important terms. Discuss the role of the following terms: lagged variable reduced-form equation

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