How can i find the equilibrium output in steps with the
Question:
How can i find the equilibrium output in steps with the following behavoural equation?
C = c0 + c1*Yd
Yd = Y-T
I = b0 + b1*Y
Government spending and taxes are constant.
I was also wondering what values c1 and b1 are.
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questionhow can i find the equilibrium output in steps with the following behavoural equationc c0 c1ydyd y-ti b0
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