Simple National Income Model where Y and C are endogenous. Y =C+I.+ Go C = Co + b(1 - t)Y 1. Determine the matrix equation
Simple National Income Model where Y and C are endogenous. Y =C+I.+ Go C = Co + b(1 - t)Y 1. Determine the matrix equation and using Cramer's Rule, solve for the equilibrium Y. 2. If Go = tY, solve for the new equilibrium Y
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