Consider an economy that is well described by the rbc model

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Question: consider an economy that is well described by the RBC model with one modification: there is a goverment that spends G in period 1. it pays for this by collecting lump-sum taxes from the representative household ( Ricardian equivalence holds, so we dont need to specify when the government collects these taxes). G does not enter the representative household's utility function. a- Where in the system of equations characterizing the RBC model would G show up?

Reference no: EM133440390

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