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Derive the y and r national income based on the interest


Suppose you have the following model:

Y= C + I + G

C= 200 + 0.8Y

I= 1000-2000R

m/p= -1000R + 0.1Y

where Y is national income; C, consumption; I, investment; G, Government Expenditure; R, the interest rate; and M/P, the real money supply. Derive the Y and R, national income based on the interest rate and another variable.

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