(Keynes model in continuous time) A continuous version of the Keynes modelis given by the equationsY= C + I + GT*(dC/dt) + C = aYT*(dI/dt) + I = b*(dC/dt)Write the equations in state space form, and give the conditions for stability.

(Keynes model in continuous time) A continuous version of the Keynes modelis given by the equationsY= C + I + GT(dC/dt) + C = aYT(dI/dt) + I = b*(dC/dt)Write the equations in state space form, and give the conditions for stability.

Power System Analysis and Design (MindTap Course List)

6th Edition

ISBN:9781305632134

Author:J. Duncan Glover, Thomas Overbye, Mulukutla S. Sarma

Publisher:J. Duncan Glover, Thomas Overbye, Mulukutla S. Sarma

Chapter6: Power Flows

Section: Chapter Questions

Problem 6.10MCQ

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Question

(Keynes model in continuous time) A continuous version of the Keynes model
is given by the equations

Y= C + I + G
T*(dC/dt) + C = aY
T*(dI/dt) + I = b*(dC/dt)

Write the equations in state space form, and give the conditions for stability.

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