Question
2. Consider the National Income model given by the following equations. Y-C- I-G, = 0 C-a-B(Y-T) = 0 T-Y-SY=0 where Y, C, and T
2. Consider the National Income model given by the following equations. Y-C- I-G, = 0 C-a-B(Y-T) = 0 T-Y-SY=0 where Y, C, and T are endogenous variables and I., Go, a, B, y, 8 are exogenous and 3 and 8 are positive fractions. Use Cramer's Rule to find the effect of a change in G, on Y and C.
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Thomas Calculus Early Transcendentals
Authors: Joel R Hass, Christopher E Heil, Maurice D Weir
13th Edition
978-0321884077, 0321884078
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