Problem

The consumption matrix C for the U.S economy in 1972 has the property that every entry i...

The consumption matrix C for the U.S economy in 1972 has the property that every entry in the matrix (1 – C)–1 Is nonzero (and positive).1 What does that say about the effect of raising the demand for the output of just one sector of the economy?

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Solutions For Problems in Chapter 2.6