Answer to Question #223616 in Economics for GabrielIe

Question

Given the data below,

find the time path of national income Yt 

check your answer, using t=0 and t = 1 and 

comment on the stability of the time path 

Using the information below, 

Determine:

the market price, Pt in any time period, 

the equilibrium price Pe

the stability of the path and 

check your answer using t = 0 and t = 1.

Answer 1

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