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1. Consider the following shortrrun model: C. = @617. fr 3117. {7: = a, : b (13,: r) G; = (1ng 7 52K: EX, _

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1. Consider the following shortrrun model: C. = @617. fr 3117. {7: = a, : b (13,: r) G; = (1ng 7 52K: EX, _ (15,13 IMt _ aimYla where Ct is consumption at time t, It is investment, Gt is government purchases, EXt and I 1% are exports and imports, Y: is potential output, Yt is short_run output, R: is the real interest rate, 'F is the marginal product of capital, and EC, T1,, ('19, (1\

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