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The Following Equations Represent a Two-Equation Model: Y₁ = β₁₀

Question 13

Multiple Choice

The following equations represent a two-equation model: y₁ = β₁₀ ₊ α₁y₂ + z₁β₁ + u₁
Y₂ = β₂₀ ₊ α₂y₁ + z₂β₂ + u₂
Where, y₁ and y₂ are the:

A) endogenous variables.
B) structural error terms.
C) exogenous variables.
D) intercepts.

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