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RDP 7704: Money and Money–Income: An Essay on the “Transmission Mechanism”
Equation (3)
Y
=
1
1
−
[
(
1
−
t
)
k
−
a
ℓ
m
]
(
A
+
G
)
+
1
ℓ
a
(
1
−
[
(
1
−
t
)
k
−
a
ℓ
m
]
)
M
P
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=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@5D0C@