Determine the identification properties of the following equations. In particular, be sure to note the number of predetermined variables in the system, the number of slope coefficients in the equation, and whether the equation is underidentified, overidentified, or exactly identified.
a. Equations 14.2–14.3
b. Equations 14.13–14.14
c. part a of Exercise 3 (assume all equations are stochastic)
d. part b of Exercise 3 (assume all equations are stochastic)