Question: Set up model (5.22) using the parameter values in model (5.17), except let b53. What is the new equilibrium and the trajectory of the economy
Set up model (5.22) using the parameter values in model (5.17), except let b53. What is the new equilibrium and the trajectory of the economy for the following events (i) A fall in G from 25 to 22? (ii) A fall in M from 8 to 5?
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