Mathematics, 21.06.2021 22:40 kndaniels05

Given the following simple keynesian income model where y is equal to c + I. c is equal to 200 + 0.7 y and i is equal to 75 + 0.1 (a) Express the model in a matrix form (b) using matrix algebra, find the equilibrium values of c, y and I

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Given the following simple keynesian income model where y is equal to c + I. c is equal to 200 + 0.7 y and i is equal to 75 + 0.1 (a) Express the model in a matrix form (b) using matrix algebra, find the equilibrium values of c, y and I​

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Given the following simple keynesian income model where y is equal to c + I. c is equal to 200 + 0.7 y and i is equal to 75 + 0.1 (a) Express the model in a matrix form (b) using matrix algebra, find the equilibrium values of c, y and I