Suppose behavioral and structural equations for an economy are given as follows: C = 100+ 0.80...
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Suppose behavioral and structural equations for an economy are given as follows: C = 100+ 0.80 ya Yay T I = 50 G = 50 T = 50 i. Identify the endogenous and exogenous variables 11. Derive reduced from of endogenous variables. 111. Find equilibrium values for each endogenous variable. (2 marks) (3 marks) (2 marks) Suppose behavioral and structural equations for an economy are given as follows: C = 100+ 0.80 ya Yay T I = 50 G = 50 T = 50 i. Identify the endogenous and exogenous variables 11. Derive reduced from of endogenous variables. 111. Find equilibrium values for each endogenous variable. (2 marks) (3 marks) (2 marks)
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