Let the national income model be: Y C+lo+ Go C =x+(Y-T) T = y + SY...

 

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Let the national income model be: Y C+lo+ Go C =x+(Y-T) T = y + SY a > 0; 0 0; 0 <8 <1 where Y, C, and T are endogenous and I and G are exogenous variables. Solve for OY/OGO, OY/Oy, and dy/ds. Let the national income model be: Y C+lo+ Go C =x+(Y-T) T = y + SY a > 0; 0 0; 0 <8 <1 where Y, C, and T are endogenous and I and G are exogenous variables. Solve for OY/OGO, OY/Oy, and dy/ds.