Question
Suppose behavioral and structural equations for an economy are given as follows: C = 100+ 0.80 ya Yay T I = 50 G =
Suppose behavioral and structural equations for an economy are given as follows: C = 100+ 0.80 ya Yay T I = 50 G = 50 T = 50 i. Identify the endogenous and exogenous variables 11. Derive reduced from of endogenous variables. 111. Find equilibrium values for each endogenous variable. (2 marks) (3 marks) (2 marks)
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Macroeconomics
Authors: Charles I. Jones
3rd edition
978-0393123944, 393123944, 393923908, 978-0393923902
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