QuestionQuestion

.1. Suppose you have the following model:
Y= C+ I+ G
C= 200 + 0.8Y
I= 1000 - 200R
M/P= -1000r+ 0.1Y
where Y is national income; C, consumption; I, investment; G, Government Expenditure; R, the interest rate; and M/P, the real money supply. Derive the Y and R, national income based on the interest rate and another variable.

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Y= C+ I+G
Y= 200+ 0.8y +...

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