T1_10: Assume that in an open economy: C = 40+ 0.65(Y - T); G = 10;...

 

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T1_10: Assume that in an open economy: C = 40+ 0.65(Y - T); G = 10; 1 = 20; T = 0, where T are taxes. EX = 5+ 4EP*/P; IM = 10 + 0.1 (Y - T) - 3EP*/P; E = 3; P* = 1.5; P = 2. Find Y T1_10: Assume that in an open economy: C = 40+ 0.65(Y - T); G = 10; 1 = 20; T = 0, where T are taxes. EX = 5+ 4EP*/P; IM = 10 + 0.1 (Y - T) - 3EP*/P; E = 3; P* = 1.5; P = 2. Find Y