2. Let the national-income model be: Y = C + lo + G C= a - b(Y – To) G = gY (a) Identify the endogenous variables. (b) Give the economic meaning of the parameter g. (c) Find the equilibrium natíonal income, (d) What restriction on the parameters is needed for a solution to exist? (a > 0, 0 < b < 1) (0 < g < 1}

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