Im trying to solve this using Cramer's rule. Having trouble with doing initial rearranging into Ax=b C=α+βY I=γ+θr Y=C+I
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Originally Posted by molimoli Im trying to solve this using Cramer's rule. Having trouble with doing initial rearranging into Ax=b C=α+βY I=γ+θr Y=C+I C, α, β, Y, I, γ, θ, r You have both an upper case Y and a lower case y. You have eight (8) variables. The Cramer's rule that I use, requires n equations for n variables. Could you elaborate?
the lower case y is a gamma. and the a an alpha. Sorry i cannot seem to make the equations bigger. Y C and I are endogenous r is exogenous alpha, beta, gamma and theta are known constants
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