Question
The aggregate income identity requires that Y=C+I+G+X-M. Let us suppose that we have the following relationships, C = co + (1-1) Y 1=do-air G
The aggregate income identity requires that Y=C+I+G+X-M. Let us suppose that we have the following relationships, C = co + (1-1) Y 1=do-air G = 80-81 Y . . X = XO M = mo +m Y What is the value of the multiplier if co = 2.04, c=0.94,1=0.67,4 = 5.98, a = 0.36, 80 = 4.92, 81 = 0.61, to = 1.38, mo = 4.33 and m = 0.7 (Please enter your answer to 2 decimal places)
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Calculus Early Transcendentals
Authors: William L. Briggs, Lyle Cochran, Bernard Gillett
2nd edition
321954428, 321954424, 978-0321947345
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