5. Define general equilibrium and show the general equilibrium point in the ISLM 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 Global Edition
ISBN: 978-1292318615
10th Edition
Authors: Andrew Abel ,Ben Bernanke ,Dean Croushore
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