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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

Yd = 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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