In the national income model above, Y represents income, C is the consumption, G is the government expenditure, X is export, Z is import, Co is the autonomous consumption, b is the marginal propensity to consumption, a is the marginal propensity to invest. Find (i) Equilibrium income and consumption (ii) the government expenditure multiplier (ii) import multiplier and
In the national income model above, Y represents income, C is the consumption, G is the government expenditure, X is export, Z is import, Co is the autonomous consumption, b is the marginal propensity to consumption, a is the marginal propensity to invest. Find (i) Equilibrium income and consumption (ii) the government expenditure multiplier (ii) import multiplier and
Chapter20: Exchange Rates And The Macroeconomy
Section: Chapter Questions
Problem 3TY
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Plsease solve 1(iii)
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