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Use following information to answer questions (4)-(6). A balanced budget is such that the value of taxes collected is equal to the government spending (T=G).

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Use following information to answer questions (4)-(6). A balanced budget is such that the value of taxes collected is equal to the government spending (T=G). Suppose the goods market is characterized by following equations: Consumption : C=c0+c1YD Private Saving : S=c0+(1c1)YD EQ Output : Y=1c11[c0+I+Gc1T] where c0>0 and 00 and 0

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