3. *Suppose a product-market model is given as follows. C = a + b (Y T)...
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3. *Suppose a product-market model is given as follows.
C = a + b (Y – T)
(where, Y – T = disposable income)
S = – a + s (Y – T)
(where, s = 1 – b = mps)
I = I – hi G = G T = T + t Y (where 0 < t < 1)
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