5. Define general equilibrium, and show the general equilibrium point in the IS-LM-FE diagram. If the economy
Question:
5. Define general equilibrium, and show the general equilibrium point in the IS-LM-FE diagram. If the economy is not in general equilibrium, what deter- mines output and the real interest rate? What eco- nomic forces act to bring the economy back to general equilibrium?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
1+ Reviews
10+ Question Solved
Related Book For 
Macroeconomics Plus Myeconlab With Pearson Global Edition
ISBN: 377221
9th Canadian Edition
Authors: Andrew B. Abel ,Ben Bernanke ,Dean Croushore
Question Posted:
