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13 Dec 2019
Determine The Equilibrium level of national income and consumption using matrix (linear) algebra. Where AD=C+I and C= 2,500=.65Y (Y is national income) Y and C and Endogenous variables and investment is exogenous- I =1,000 and equiliburum requires aggregate demand equal national income( AD=Y)
Determine The Equilibrium level of national income and consumption using matrix (linear) algebra. Where AD=C+I and C= 2,500=.65Y (Y is national income) Y and C and Endogenous variables and investment is exogenous- I =1,000 and equiliburum requires aggregate demand equal national income( AD=Y)
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