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Please help me with question ii m Let the equilibrium conditions in the output and money markets as follow: Yc(YT) -I(r)Go=0 L(Y, r) M/P :

Please help me with question ii

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m Let the equilibrium conditions in the output and money markets as follow: Yc(YT) -I(r)Go=0 L(Y, r) M/P : 0 Where C, Y, T, I, Go, M, and P stand for consumption, national income, taxes, investment, government expenditure, money supply and prices, respectively. (i) Check Whether equilibrium conditions of the implicit-function theorem are satised. If so, write the equilibrium identity. (7 Marks) (ii) Find dY/dGO and discuss its economic implications. (8 Marks)

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