Question: Hello! Can someone please help me with this exercise? Our Prof is not really communicating with us... Consider an economy where aggregate investment is I
Hello! Can someone please help me with this exercise? Our Prof is not really communicating with us...
Consider an economy where aggregate investment is It = + Yt-1
Government spending: Gt = Yt-1
Savings= sYt
According to national accounts, we mus have = Yt= Ct + It + Gt
Question: How to solve this diffrence equation and what are the properties
Thanks for any help!
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