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Write the model in matrix form on the given question

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Reference no: EM13876607

Consider an open economy with the following consumption, investment, and tax functions

C = 40 + 0.80YD
T = 10 + 0.10Y I = 38 + 0.15Y

Write the model in matrix form. Assume the government expenditure G0 = 110, export X0 = 40, and import M0 = 90. What are the equilibrium output, consumption, investment, and taxes in this economy?

Reference no: EM13876607

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