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  • What is the purpose of the Z-test in large sample hypothesis testing? #781
  • What is the defining characteristic of a simultaneous equation model? #782
  • In a simultaneous equation model, what is endogeneity? #783
  • What is the identification problem in simultaneous equation models? #784
  • What is the difference between structural equations and reduced-form equations in a simultaneous equation model? #785
  • What is the primary purpose of instrumental variables in simultaneous equation models? #786
  • What is meant by the term "exogeneity" in the context of simultaneous equation models? #787
  • In a recursive system of equations, how are the equations ordered? #788
  • What is the concept of over-identification in the context of simultaneous equation models? #789
  • What is the primary challenge in estimating parameters in a simultaneous equation model? #790
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