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Consider the basic macroeconomic model: Y=C+I andC=a+bY where Y is GDP, C is consumtion and I is total investment (treated as Fixed). a; b are
Consider the basic macroeconomic model: Y=C+I andC=a+bY where Y is GDP, C is consumtion and I is total investment (treated as Fixed). a; b are positive parameters. Solve the model for Y in terms of I and the parameters
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