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10. Suppose in a closed economyr with no government, (2 = C1 + bc'f and I = I; + hIY. That is, like consumption, investment

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10. Suppose in a closed economyr with no government, (2 = C1 + bc'f and I = I; + hIY. That is, like consumption, investment spending is also positively related to income. Suggest a name for the term b1. Show that equilibrium output will be: Y = (C1 +11) ,1 (1-13), where b = h.E + bl

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