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Determine the equilibrium values of the endogenous variables

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Reference no: EM13877178

Assume a Keynesian model for a closed economy with

C = 506 + 0.9177Y - 0.0001355Y 2
I = 35 + 0.15Y
If G0 = 545,

determine the equilibrium values of the endogenous variables.

Reference no: EM13877178

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