Straightforward Keynesian Model

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2. Diagram. Three-Sector ModelTax Function T = f (Y)Consumption Function C = f (Yd)Government Expenditure Function G=f(Y)Aggregate Expenditure Function E = f(Y)Output-Expenditure Approach: Equilibrium National Income Ye. 3. Diagram. Components influencing YeExpenditure Multipliers k ETax Multipliers k TBalanced-Budget Multipliers k BInjection-Withdrawal Approach: Equilibrium National Income Ye.

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