5. Define general equilibrium and show the general equi librium point in the ISLM diagram. If the...
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5. Define general equilibrium and show the general equi librium point in the IS–LM diagram. If the economy isn’t in general equilibrium, what determines output and the real interest rate? What economic forces act to bring the economy back to general equilibrium?
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Related Book For 
Macroeconomics
ISBN: 9781292446127
11th Edition
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore
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