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(Don't copy the answer) This problem examines the implications of allowing investment to depend on output. Suppose the economy is chameterized by the following behavioral
(Don't copy the answer)
This problem examines the implications of allowing investment to depend on output. Suppose the economy is chameterized by the following behavioral equations YOUYET Government spending and taxes are constant. Note that investment increases with output. c, Is autonomous consumption, of is the propensity to consume, and by in business confidence. Solve for equilibrium output Ya.(Property format your expression using the tools in the palette. Hover over tools to soo keyboard shortcuts. E.g a subscript can be created with theStep by Step Solution
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