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Consider the macro model, where Mo is the economy's money supply and R is the interest rate Y = C+ lo + Go C =
Consider the macro model, where Mo is the economy's money supply and R is the interest rate Y = C+ lo + Go C = q+p(Y -To) - WR R = h - kMo + uY (i) Given X = C , write the system in the matrix form AX = B. R (ii) Solve the system for Y and R by Cramer's rule. (iii) Specify the money supply multiplier
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