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Answer to Question #224276 in Macroeconomics for soumya
Question #224276
a) Consider an economy characterized by the following relationships:
Consumption: C = 20 + 0.5(Y - T)
Investment: I = 25 – 200i
Money Demand: Md = Y(0.5 – i)
Expert's answer
"Y=C+I;\nY=20+0.5Y+25-200i;"
"Y=45+0.5Y-200i;"
"0.5Y=45-200i;"
"Y=90-400i;"
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#339914 on Dec 2023
#339914 on Dec 2023
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