Consider an economy described by the following: C = $3.25 trillion I = $1.3 trillion G =
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Consider an economy described by the following:
C = $3.25 trillion I = $1.3 trillion G = $3.5 trillion T = $3.0 trillion NX = -$1.0 trillion f = 1 mpc = 0.75 d = 0.3 x = 0.1 l =1 r = 1
a. Derive expressions for the MP curve and the AD curve.
b. Assume that p =
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Related Book For 
The Economics Of Money Banking And Financial Markets
ISBN: 978-0134376936
6th Canadian Edition
Authors: Frederic S Mishkin ,Apostolos Serletis
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