Hi this is part of a matrix question. I am ok with matrix but am having trouble with getting the equations -
Here it is -
Y = C + I + G
C =C* + yYD C*>0: 0<y<1 (The D is supposed to be a small D at the bottom of the Y
I=I*
G=G*
YD = Y -T (Again the D is supposed to be a small D down below the line
T = tY 0<t<1
Reduce the model to 2 equations in 2 unknowns Y and C.
thanks again - Helen