Consider a two-sector model
Yt = Ct + It
Ct = 0.7Yt-1 + 400
It = 0.1Yt-1 + 200.
F...
Mathematics, 04.08.2021 07:40, ricardotavarez6
Consider a two-sector model
Yt = Ct + It
Ct = 0.7Yt-1 + 400
It = 0.1Yt-1 + 200.
Find an expression for Yt when Y0 = 3000. Is the system stable?
Answers: 3
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