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Given the following macroeconomic model

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Reference no: EM131692369

Given the following macroeconomic model

Y=C+I0+G0

C=a+b(Y-T)

T=d+tY

  1. Identify the endogenous and exogenous variables
  2. What restrictions economic theory imposes on the parameters of consumption and tax function
  3. Final equilibrium values of C, Y and T

Reference no: EM131692369

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