Equilibrium output in steps with the behavoural equation

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Reference no: EM131037626

Question:

How can i find the equilibrium output in steps with the following behavoural equation?

C = c₀ + c₁*Yd

Y_d= Y-T

I = b₀+ b₁*Y

Government spending and taxes are constant.

I was also wondering what values c₁ and b₁ are.

Reference no: EM131037626

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