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Problem 3: Consider the following equations Yo = Ot+ It+ Go+ EXt - IM Ct =atin; 00; 0 Problem 3: Consider the following equations =

Problem 3: Consider the following equations Yo = Ot+ It+ Go+ EXt - IM Ct =atin; 00; 0

Problem 3: Consider the following equations = c + jYt; O < 1 G = gyt EX=o 1M = o Instead of the textbook investment function, consider the following "accelerator" investment function where investment rises with short run outptut:

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