=+ b. Derive an expression for the IS curve. c. If the real interest rate is r
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=+
b. Derive an expression for the IS curve.
c. If the real interest rate is r = 1, what is equilibrium output? If r = 4, what is equilibrium output?
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Related Book For
The Economics Of Money Banking And Financial Markets
ISBN: 9781292094182
11th Global Edition
Authors: Frederic S. Mishkin
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