5. Define general equilibrium and show the general equilibrium point in the IS-LM diagram. If the economy
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5. Define general equilibrium and show the general equilibrium 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 Value Edition
ISBN: 978-0136114895
7th Edition
Authors: Andrew B. Abel ,Ben Bernanke ,Dean Croushore
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