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Part II. Short answer Question 1: Consider the following GDP equation, consumption function, exports, imports and investment
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Solution: Part II : Short anscuer. Question li Given, Gop Equation is, Yt = C++ It + GL+ EXE-IME Exports Ex = 0 imports IM =0-5 t + y = 4; -5 (4-1) + c + a Ý + +6 - Yt (i-āq) = ā; tāc - b(R4-) 16 Government spending multiplics (de) holding the real i

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