Consider the two-sector macroeconomic model Y = C + I* C = aY + b (a) Express
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Consider the two-sector macroeconomic model
Y = C + I*
C = aY + b
(a) Express this system in the form
Ax = band A and b are 2 × 2 and 2 × 1 matrices to be stated.
(b) Use Cramer’s rule to solve this system for C.
Transcribed Image Text:
where x WI (?)-
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