Assume that the following model of the economy applies:
C = a + b(Y - T)
I_fixed = c + dY
I_inventories = g + hY
Y = C + I_fixed + I_inventories + G
Write an expression for equilibrium Y in this model. If b = 0.5, d = 0.2, and h = 0.2, what are the multipliers for G and T?

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The Answer of Assume that the following model of the economy applies: C = a + b(Y - T) I_fixed = c + dY I_inventories = g + hY Y = C + I_fixed + I_inventories + G Write an expression for equilibrium Y in this model. If b = 0.5, d = 0.2, and h = 0.2, what are the multipliers for G and T?

Assume That the Following Model of the Economy Applies