Q2. Consider the simple Keynesian model of income Determination Ct = Bo + B₁Yt + Mt 0

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Chapter10: Keynesian Macroeconomics And Economic Instability: A Critique Of The Self Regulating Economy
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Q2. Consider the simple Keynesian model of income Determination
Ct = Bo + B₁Yt + Mt
0<B₁<1
Y₁ = C₁ + It
Yt
Ct
Define and prove the simultaneous equation Bias
Q3 Find the mean, variance auto covariance and PACF and ACF of MA (3) process
Transcribed Image Text:p. Q2. Consider the simple Keynesian model of income Determination Ct = Bo + B₁Yt + Mt 0<B₁<1 Y₁ = C₁ + It Yt Ct Define and prove the simultaneous equation Bias Q3 Find the mean, variance auto covariance and PACF and ACF of MA (3) process
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