Question: how to solve 9. Given Y = C + I, with C = 50 + 0.6V and | = 100 with Y, C and I

how to solve

9. Given Y = C + I, with C = 50 + 0.6V and | = 100 with Y, C and I refer to income, consumption and investment respectively. (a) Convert the above system of equations to the form of the matrix AX = B (b) Find the values of Y and C of equilibrium using the Cramer Method

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