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The commodity and money sectors of an hypothetical economy are given by C=10+0.7y I=100-7r Y=C+I Md=10+0.3y-0.3r Ms=100 Using matrix inverse method, determine the equilibrim income

The commodity and money sectors of an hypothetical economy are given by C=10+0.7y I=100-7r Y=C+I Md=10+0.3y-0.3r Ms=100 Using matrix inverse method, determine the equilibrim income (y)and rate of interest (r)

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