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Key exogenous variables on endogenous variables

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Reference no: EM13903428

Given the following information about a closed oil-rich economy which does not impose any tax on its citizens to finance its expenditure, you are required to derive mathematically and explain using graphs the impact of a change in each of the key exogenous variables on the endogenous variables.

Y = C + I + G

C = C(Y), I = I(r), G = Go, Md = L(Y,r)

Reference no: EM13903428

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