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$$% \text{\$} \text{€} \text{₩} \text{¥} % \Delta \left( \right) \dfrac{}{} Y^D =D = C(Y-T) + I + G + CA\left( \dfrac{ EP^* }{P}, Y-T \right)$$ $$% \text{\$} \text{€} \text{₩} \text{¥} % \Delta \left( \right) \dfrac{}{} C(Y-T) \rightarrow C(Y^d) \space\space |\space\space Y^d\rightarrow가처분소득, \oplus$$ $$% \text{\$} \text{€} \text{₩} \text{¥} % \Delta \left( \right) \dfrac{}{} CA\left( \dfrac{ EP^* }{P}, Y-T \right) \rightarrow CA(q,Y^d) \space\space |\space\space \dfrac{ EP^* }{P}\rightarrow 실질환율, \oplus$$ $$\therefore D \left( \left( \dfrac{E \cdot P ^{*}}{P} \right) ^{\oplus }, Y-T, I ^{\oplus }, G ^{\oplus } \right)$$ $$\rightarrow \left( \dfrac{E \cdot P ^{*}}{P}, Y-T, I, G \ 의 \ 함수 \right)$$ $$\rightarrow \left( I ^{\oplus }, G ^{\oplus }\ 는\ 자명 \right)$$ $$\therefore D= C(Y-T) + I + G + CA\left( \dfrac{ EP^* }{P}, Y-T\right)$$

Y-T = Y^d |

$$\therefore D \left( \left( \dfrac{E \cdot P ^{*}}{P}\right) ^{\oplus }, {Y-T} ^{\oplus }, I ^{\oplus }, G ^{\oplus }\right)$$ $$C \left( Y-T \right) = C _{0}+C _{1} \left( Y-T \right)$$ $$0<C _{1}<1$$

\left{

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$$$$
$$\overline{M ^{S}} \uparrow , \overline{P} \cdot$$ $$L(R,Y_0) = \left( \dfrac{\overline{M ^{S}} \uparrow}{\overline{P}} \right) \uparrow$$

R_{\text{$}} = R_{\text{€}} +\dfrac{E^e_{\text{$} / \text{€}} \uparrow -E_{\text{$} / \text{€}}}{E_{\text{$} / \text{€}}}

$$Y \rightarrow \left( DD \downarrow | \ AA \uparrow \right) \downarrow$$