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3. (25) Consider the following macro model for the next year Y = C + Go+I C 60+b(Y-To) 10+0.3Go+kY I (i) Solve the system
3. (25) Consider the following macro model for the next year Y = C + Go+I C 60+b(Y-To) 10+0.3Go+kY I (i) Solve the system for the predicted GDP (Y) and for the predicted investment (I). (ii) Specify the Tax multiplier.
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Principles Of Econometrics
Authors: R Carter Hill, William E Griffiths, Guay C Lim
5th Edition
1118452275, 9781118452271
