The order condition for identification of an equation requires that there should be _____.
A) at least one exogenous explanatory variable in a structural equation
B) at least as many excluded exogenous explanatory variables as there are included endogenous explanatory variables
C) at least as many dummy variables in an equation as there are exogenous explanatory variables
D) as many lagged independent variables in an equation as there are exogenous explanatory variables
Correct Answer:
Verified
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