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Consider an economy with the following characteristics:
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Consider an economy with the following characteristics: Consumption function: C = 40 0.9YD; Planned investment: I = 40; Government expenditure: G = 60; The tax function: T = 0.2Y; Exports of the country: X = 14 The import function: M = 10 0.02Y. Assume there are no transfer payment...
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